by Avi Gilburt
For weeks, the GDX has been on the edge of a break out, while showing signs of the corrective pullback we would rather see first.
But, as I have said many, many times, when the metals finally turn bullish, retracements often are VERY shallow, as they do not let the masses into the market. Rather, the pullbacks are often so shallow that most market participants have to chase the market. And, it makes it very hard for the average investor to get into the market, if they did not buy at the absolute lows.
If you remember back in the last quarter of 2015, I wrote repeatedly about how I was moving into a FOMO (Fear Of Missing Out) perspective, since I understood very well how the metals move.