Gold, Silver, Miners Point and Figure update

Got some great news here. The relative strength for many miners and GDX changed to X. Back in March which was when the correction started GDX and other miners changed to O...this is more important than buy signals as that will change the trend back to up and puts another nail in the coffin that the bottom is in for miners...note how they will lead going forward. Below are the alerts I got with pnf including miners I have in my portfolio.

Gold got a buy signal target 1820..(remember these are computer generated ..it doesn' mean it gets that high)

Miners that reversed to X

GDX (2ND BUY SIGNAL TARGET 56.50)
AG
EXK
FSM
NGD
CHPGF
GOLD (BUY SIGNAL TARGET 97)
RIC

Those that aren't on a buy signal are still on a sell but up and down action (3 box reversals) would change that

Here's Merriman's column:

http://www.mmacycles...g-june-4,-2012/



TM

http://i2.cmail3.com...2-12.144625.png

Richard Rhodes agrees we are in the nacent stages of a move up that could be sustainable. This a copy of this contribution to StockCharts newsletter this week.


I am long miners, and I like the dividend payers most.