GDX Buy signal probability increasing

[canucck]

Hi,

I have been tracking the PctB moving averages on GDX since mid-December and they appear to be supporting Pascal's points, I believe. (refer to the thread in Trading Models for more on Pct B).

In the attachment below, PctB is now on the upper side of the very long term moving averages (i.e., 5 of the last 7 data points are above the long term averages, and the 2 low data points supported by 20, 34 and 55 period averages which have now pinched and are heading upward) and also well above the long-term trend line that started last Feb-March.

Although all PctB moving averages have not pinched yet, they seem to be headed in that direction. Time will tell of course, and anything can happen, but the current direction seems to be positive.