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Classic Trend Energy Divergence With Price In Gold Shares
CIGA Eric
There’s an increasing number of precious metals miners (and various dollar hedge plays) displaying the classic trend energy divergence with price This setup is revealed in the following chart:
Gold Miners Index ETF (GDX):

This surge of trend energy to new highs while price consolidates or underperforms often illustrates professional accumulation, or the setup of the weak hands, before the organized mark up. The new highs in REV(E) in 2010 while price languished under the 2008 price highs reflected this professional accumulation.
This professional accumulation is often associated with a technical formation known as a Swiss stair.
Once all the weak hand have been squeezed out, they will be compelled to buy again into the organized mark up.
Regards,
Eric
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