Another Rally in Gold and Miners or Exactly the Opposite?

From goldpriceforecast.com

Miners moved higher yesterday, and while they didn’t move up as much as they had moved down on Monday, some might say this was bullish. I disagree. It was normal. And I have a chart to back it up. chart The above chart features the GDXJ from the hourly point of view – each candlestick represents 1 hour. This perspective can be misleading while trying to project long-term price moves, but it does a great job of discovering very short-term similarities and applying the technical analysis in this way. For example, it can shed some light on what type of intraday behavior is normal after a top and what type of ... (full story)