The gold miners’ stocks are wavering, frustrating traders. For the better part of a half-year, this sector has neither broken out nor broken down. Instead it has mostly ground sideways since the last upleg’s peak. Gold stocks being mired in a consolidation so long, even a relatively-high one, is steadily eroding bullish sentiment. That ups the odds it will roll over into a correction, especially considering gold’s situation.
Last summer the gold stocks were rocking, with the leading GDX VanEck Vectors Gold Miners ETF (GDX) just soaring. Following gold’s decisive bull-market breakout to