Closing thoughts

1:02 pm PST. We had about 1.3 million shares of GDX block traded in the last 30 minutes of the trading session today at 23.76-23.78 and we closed above. GDX also closed above on the 161 ema on higher volume, which to me is a big deal because the 161 ema has been resistance this whole month. The RSI on GDX is never went above 70 which means wave 3 is still to come. The dollar sell off looks like it still has more to go. I remain a bull on the gold mining stocks.

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