Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 10/14/2014, 7 days ago, when the stock price was 21.3100. Since then GDX has fallen by -0.99%.
The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.