gdx/gdxj/gld all have hourly divergences now, to repeat. i use a 9bar wilder rsi. i have used this rsi for about 38 yrs. and found it fast enough to get in at lows, not often but it does happen there are whipsaws. at some point in the 70s bull, the banksters got long the miners. now i dont know, BUT i think that is what this down wave was about , ie throwing the baby out w/the bath water for investors trying to make margin calls on stock market rout, and the banksters naked shorting gold stocks. i am going to enter the waters at some point today. as i believe this is a very deep 2of 3 in the miners. while gold fared much better. all the indicators that i watch are flashing inflation @some point this year. plus the tax cuts and the new budget will insure that to be the case. couple that w/rising rates and a falling dollar and you have the makings of an ugly situation. now of course the latter fundamental talk , i just gave ensures nothing right here right now.
i am trading off the rsi divergences i will put stops a certain % below the existing lows, so i will only , hopefully, get stopped out if the trend continues, not investment advice. its your money i know nothing
dharma