Ground Floor Opportunity

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The Gold Miners are setting up for a ground floor opportunity …

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The Gold Miners Bullish Percentage Index has hit 0% bullish. This has happened only twice before.

gdx

The first time the Miners rallied for over 24 %. The second time they rallied for over 36%.

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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.

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