Bottom of Channel Alert, page-5

The two tops are slightly different but probably close enough to call a double if you were so inclined. But for the double top to play out, it'll need to fall back through the low at 330 to be proven. There's no way this will fall that far unless POG craps itself or there's an issue at one of the mines.

With the gap 453 closed, there is one more at 380 but again, it's really unlikely to happen without a major catalyst. The business is just too healthy.

If anything the 200EMA at 435 might act as a magnet so we may have more weakness to come but if this weakness persists, the risk of TO becomes very real. The Tier 1 goldies are on the prowl and SBM looks very attractive at these levels.

The shortsightedness of traders and other players that view the GMX CAPEX and AISC as pain-points are just that: shortsighted. The key metrics for post-GMX are really impressive so it wont be long before major money begins to buy the >2 year view and cashflows.

Anyway, I've added at the gap (453) and will add again at the 200EMA. This madness can't continue forever. Can it...?