CLICK ON CHART TO ENLARGE
Gold miners ETF’s GDX and GDXJ are attempting to break from their flag/pennant patterns at (1). With Gold breaking out of it sideways channel (see post here) odds increase that the miners will break to the upside! Remember that breakouts from flag/pennant patterns can be very rewarding!
Game plan….Be an owner of GDX with a 5% downside stop.