A bearish chart pattern is forming in the gold miners index (GDX).
Conversely, for a long only account, there is a bullish pattern in the gold miner short fund (DUST).
I watch AU all the time. It had been the strongest of the miners, but has also recently gotten weak.
So, a rally in gold would be a surprise at this time.
I am still long TC on the chart signals.
Bought some DUST today.
Never add to losers, only winners.
That way you control risk!