The GDXJ low of May 16th was 17.37 on volume of 10.3 million we broke the lows on Friday with only 5.8 million shares traded and we are at 4.3 million today at 2pm. This is a false break and a resolution is days or weeks away. Sinclair is correct about it being trying in the short term as we are seeing in the last fews days.

Let's not forget the FOMC meets tomorrow afternoon. That could be the change in direction that the PM's need.