The falling wedge looked like it was going to bottom at the first center channel rail but it slid down that support line a bit more. The percentage moves downward here on no news simply show that the market doesn't have any love for gold or miners. My models indicate that 2019 is going to be the breakout year and it could be starting as soon as tomorrow. So look for a break out of the upper rail of this falling wedge because that will be the signal that the reversal has likely begun.
The downside risk still exists that it can make it down to the lower rail still before the bottom is really is so this is where you cost average into these shitty little gold miners. Treat them like a non-expiring option in gold mining price of gold. But even as little as $500 gambled here could pay off in a big way when the gold herd begins heading north again, as it most certainly will do so quite soon according to my EW models.
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