Miners Ready to Fall Further

From sunshineprofits.com

It didn't take long for the mining stocks to turn south once again. No wonder, given that their breakdown was more than verified. Additionally, they also got bearish support from gold, the stock market, and the USD Index, which also confirmed their decisive move. For more details, let's take a closer look at the chart below. We've witnessed the USD's breakout and breakdowns in the precious metals market, followed by smaller corrections. That's both: normal and natural. If the USD Index tendency was really descending, and it was upward in case of PMs: The USD Index would have declined to new lows, or at least it ... (full story)