GDX weekly 6-24-13

GDX daily 6-24-13

Elliott Wave Analysis of Gold Miners (GDX) by Sid from Click on the charts twice to enlarge.

The Market Vectors Gold Miners ETF (GDX) has continued to the downside as expected in my last GDX post, but if the attached analysis of the most recent wave structures is correct, the bottom is close at hand. Explanations are on the charts . .