I think the last 5 months or so have been very tough for the whole sector. I was looking at the GDXJ (hourly chart). I know it represents producers but gives an idea of the sentiment in the whole sector. IF it can kick up from here then we might have a higher high and a higher low, so IF that happens the end of the correction may be in sight. Trendlines are arbitrary. I also hold advanced explorers/producers like ALK, DEG and their charts all look similar. DEG in particular is still trading well below the last CR price.
MGV Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held