Breakout Chart for the Amex Gold Miner Index - as of Close 2013 New Years Eve - BAD NEWS FOR BEARS
I think this rally is just getting started and has a ways to run. As you see it just crossed the Zero line to the upside.. This is a chart of the Advances - Declines for the AMEX Gold Miners Index, and so probably represents the 30 or so largest miners. It can just be called a Breadth Chart for short.....Comparing it to the July rally, I am guessing it is a First Leg. Time will tell.