For once I could not agree more with these charts. If the government accommodates the shorts and delays qe3 even for a few weeks the miners are going to be shredded including TRX and gold will go down at least 150 and maybe much more.

Right now there is a horrific black body on the monthly candlestick chart for TRX chart which is implying a decline to 5.50.

The P& F chart has reversed and is implying a decline to 4.50.

And the uptrend line on the daily chart has been majorly violated.

Sure the RSI is oversold right now, but it was as well in Sept. 2008 and kept going down to 1.5.

TRX holders and PM in general will feel like being stuffed in an oil drum and thrown down the slope of a mountain.