Gold Miners Return To Scene of Crash

April 15th, 2013 is a day that gold bulls would like to forget, but likely cannot forget. After nearly 3 1/2 years the GDX is on the verge of revisiting ‘the scene of the crash’ by way of filling the open gap from the day before the April 15, 2013 gold crash:

 

GDX (Daily 2013-2016)

GDX_Daily_8.1.2016

On a non dividend-adjusted basis the open gap from April 12, 2013 (the Friday before the April 15th crash) is up at $32.22 (4.17% above today’s close). Additional open gaps of significance exist up at $34.18 (April 11, 2013) and $43.23 (January 24, 2013).

 

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