[selik73]

Thank you very much for the analysis.

Hi selik73,

GLD is still officially in Stage 2, but clearly making a significant pullback towards a still rising 30 week simple MA, although it's weakening, whereas GDX is borderline with a potential Stage change to Stage 3A, but is still Stage 2B- currently imo. So with both I'd personally be looking for a weekly close back above the 10 week SMA to give a sign that the Stage 2 was still in force, but a weekly close or two below the 30 week MA would indicate a potential move to early Stage 3A. However, that doesn't necessarily mean it will resolve to Stage 4, as it could just as easily make a Stage 2 continuation.