Make Or Break Point For Gold Miners

The miners took a severe beating today after an overnight bear raid in the futures market.

One wonders how long this can continue.

At this point, we are at a decision point, one of capitulation or rebound.

Given the evidence, I still favor a rebound, but evidence for more downside is growing.

Despite a tight, even stretched physical metal market, the miners have performed rather poorly.

They are now at the bottom of the Raff channel I suggested several days ago as a closer view chart shows.

It is do or die time gold miners, time to get moving!