On these weekly charts notice the high positive volume recently and the 'long shadow' candlesticks very recently. Candlesticks with a long lower shadow in a downtrend offer encouraging prospects for a low and a rally. Throw in the historically high volume (see second chart) and the low seems also prospective for a major LOW - my view only. The etf of the GDXJ is also the fund that has been wreaking havoc with some of the Australian gold stocks recently such as Northern Star (NST) which rose 17% in one day and was gapping up with full white candles beforehand. Northern Star constitutes 3-4% of GDXJ. Other stocks like SLR have been smashed by the same etf. There are a surprising number of Australian Gold stocks included in the GDXJ. GDXJ 2 year WEEKLY [imgz=http://forums.silverstackers.com/uploads/1893_gdxj_dec_27.gif][/imgz] GDXJ 4 year WEEKLY [imgz=http://forums.silverstackers.com/uploads/1893_gdx_dec_27_4_year.gif][/imgz]
