The Gold Miners are setting up for a ground floor opportunity …
The Gold Miners Bullish Percentage Index has hit 0% bullish. This has happened only twice before.
The first time the Miners rallied for over 24 %. The second time they rallied for over 36%.
The Miners are currently in their timing band for a daily cycle low. A swing low now has good odds of marking the daily cycle low. And even possibly an intermediate cycle low, which I will discuss in the Weekend Report. Based on the preceding historical data, the BPGDM hitting 0% presents a ground floor opportunity.