Have a look at the GDX chart (I think Hui & GDXJ will be similar). Is that 3 black crows; well no, they dont overlap but you could argue its just 3 identical crows; not quite either.
bearish 83 % of the the time but a very unreliable stat since its such a rare pattern.
Bulkowski says sideways action for a few weeks is most probably then downtrend resumes. Just stats though; anything can happen. Could reverse sharply from here.
Whos leading who here; goldminers leading gold or the other way around.
SLR Price at posting:
$2.80 Sentiment: None Disclosure: Not Held