Following Friday’s positive comments on GDX, it’s blowing the doors off today. Go GDX!!!. This should be a quick ride up to the 58 region..all things being equal. The real story is EEM, which is finally showing recovery strength having been severely beaten down since mid July. On the Lazy Man Rotator EEM has held bottom slot for 3 months now so it’s got real potential for at least another 2 points. Keep in mind that any new Euro fears will kill that rally but the Euro wolf cry has been heard so many times lately that traders have become largely numb to the lurking downside.