surprised to see GDX has such a huge divergence on the weekly chart dated back so long.
if you see value in this analysis please give a like. thanks.
if you see value in this analysis please give a like. thanks.
Note
see divergence for key miners like Barrick, SBSW, etcNote
really long divergence time span with the beginning point on 8/8/2016Note
if the divergence proved effective and gdx reverses from here it will be VERY bad for gold and silver since it is possibly a leading indicator to the spot prices.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.