Breadth in the Goldmining Sector looks for further upside action

Goldminers Breadth shows that the bulls are in control.

....more interesting though is to see Gold breaking out with a divergence developping in the medium term BuyingPressure.

We could see some nice spike up followed by a re-test of the breakout.....let's see.

BREADTH: GOLDMiners

Solid shakeout that could lead to a good move up...

Exhaustion seem to have triggered the turn:

Too many people have sold short GLD calls....

...and are now exposed to a continued squeeze.

Pls find below a special where we analyse option chains on a daily basis to better understand what is happening in the cash market.