Technical GDX

GOLD MINING
Here’s some more Number’s
Sometimes, too much info, is worse than not enough info.
See below.

Xxx was OCT now MAR
ABX was 1.93 now 1.42 trending down last 6 month’s
AEM was 1.10 /1.40 now 1.39 flat
AU was 2.63 now 2.62 flat
BVN was 3.10/3.55 now 3.00 flat / down
FCX was 5.52 now 5.32 flat
GFI was 1.39 now .83 trending down
GG was 1.33 now 1.02 trending down etc,
Nem was 2.15 now 1.52
Pcu was 7.56 now 7.71
Rgld was 1.06 now .79
Rio was 2.86 now 3.00


Mar 07/08 ...Feb 06/07 ...Jan 06/07 ...Nov 06/07 ...Oct 06/07
Abx 1.42/1.56 ...1.57/1.49 ......1.75/1.77 ....1.75/1.93
Aem 1.39/1.59 .....1.39/1.59 ....1.32/1.40 ....1.15/1.10
Au 2.62/2.57 ....1.87/2.84.......2.11/2.63..
Bvn 3.00/3.05... 3.41/3.19 ......3.38/3.16 ....3.55/3.10
Fcx ............5.32/4.99 .......6.90/5.74 ....6.65/5.52
Gfi 83/1.06 ....89/1.14 .........1.09/1.32 ...1.21/1.39
Gg 1.02/1.06 ...1.04/1.05 .......1.06/1.11 ...1.32/1.33
Nem 1.52/1.63 ..1.56/1.94....... 1.66/2.00 ...1.66/2.15
Pcu 7.71/5.69... 6.73/7.93 ......7.54/7.56
Rgld 79/1.01 ....78/1.04.......... na/1.06
Rio 3.00/3.98 ..2.99/3.69 .......2.62/3.10.... 2.40/2.86

Mostly gold stock in this list are flat or down 20%, the last 5 month’s.
I’m going to put 10% / 15% of that into any calculations I make, and add that to GDX HUI XAU last low’s.
GDX OCT low was 32.3
GDX MAR lo (this cycle) 36.2
Take the calculator type 36.2 (hit minus key) type 10 (hit % sign) should equal 32.6

GDX is definitely testing OCT low’s….(I don’t know why I know)
perhaps It’s because I’ve been looking at these fields for so long, it’s just second nature to me.
Sometime after (if) GDX reaches $40,
They’ll be an earnings warning or downgrade or other pundit news, and the whole gold sector will fail.
It’s good to know this before it Happens, I’d say.

GDX @ 31/32 probably signals market bottom. (this cycle)