From a Hidden Pivot perspective, this vehicle has been outperforming GDXJ recently, suggesting institutional enthusiasm for larger-cap mining stocks is heating up. Notice that the apex of last week’s surge slightly exceeded a key peak at 484.93 recorded back in April. This not only refreshed the bullish impulsiveness of the daily chart, it did so by way of a 10% rally that required no b-c ‘breathers’. We’ll attempt to board the next leg up using a pattern similar to the one shown in the chart. If you want to be notified in real time of any opportunities that may arise, please sign up for E-Mail Notifications on your My Account page.
