GDX comments

GDX - Chart Link - as you know GDX has been under performing and that had not been good for the metal.  However down in here it may be prudent to keep an eye on it, the trend is down and it has been down for a long time, however down in here there is potential for it to form a small bull wedge if it chops around here for several days or a week or so, and notice the MACD divergence forming.  Now if GDX just craters down hard, this potential pattern will be lost, however if it continues to just chop around it may be something to keep an eye on.  In the short term monitor the MACD for a kiss potential - notice the pattern from late Dec 2013 as an example

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