9:31 a.m., EST

Gold and the dollar, correlated

Dollar’s set up for reversal and miner’s, GDX attempt to move higher, failing

Over the past few weeks, the bullish divergence case for the dollar has already been presented.

Now, it looks as if miners GDX has topped and reversed

Price action above shows that so far, GDX has not been able to get back above resistance.

Inverse fund DUST just opened higher +1.26%, at 15.25

Stay Tuned

Charts by StockCharts

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