AFTERNOON NOTE 3:10 PM

 

-GDX- The initial surge out of the 45-day cycle low ($20.22) lasted 8-trading days. Prices have been correcting in a potential bull flag for an additional 8-days. We are at the point of no return. Miners need to break higher within the next day or two to sustain the upside potential. Failing to do so will probably lead to a sudden breakdown.