GDX update 01/25

Well wave b/ii was much more shallow than anticipated earlier this month (see here). The gold (miner) bugs just can’t keep their hands off the buy button. Here’s the adjusted count. Micro-1 of minute-b/ii is now underway. Micro-2 should ideally gap fill and then blast off. Watch for the daily MACD to move above the green and red trendline to signal and confirm the race higher is truly on.

GDX