Miner Sale

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Every year the Miners go on sale as they dip into their yearly cycle low.

gdx yearly

The yearly Miner cycle peaked in August, which was month 7. They have since formed a monthly swing high and broke below the monthly trend line which signals the yearly cycle decline.

This is week 19 for the intermediate Miner cycle. That places the Miners in their timing band for a weekly cycle low.

gdx daily

The Miners are down over 26% off of their August 12th highs. Tuesday was day 22 for the daily Miner cycle. That places the Miners in their timing band to print a daily cycle low. Over the past year, which includes the previous yearly cycle low, most daily cycles ran at 22 days or less.

So the Miners are in their timing band to form a daily, intermediate and yearly cycle low. And there is a bullish TSI divergence developing similar to the one that formed at the last yearly cycle low. Over the next week I expect the Miners to print their daily, weekly, & yearly cycle low. When that happens that will be the bargain of the year.

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