Give Me Back My Precious

It looks as though the Dollar strength is finally starting to catch up to at least some parts of the commodity and mining complex. Steels seem unfazed, as is FCX, but gold miners failed to remain $22 on the GDX effectively and are now at risk of a bear flag breakdown. 

On the daily chart, below, the gold miner ETF had better regain its footing and fast, or else a fresh leg down seems likely barring an imminent Dollar downside reversal.

That said, rotation is still in play today. The Nasdaq is giving another valiant effort at reasserting its dominance after a shaky couple of weeks. 

More in my usual Midday Video for Members.