The GDX found a bid at support on Friday. It's a fairly safe trade but I would keep a tight stop in just below Friday's lows. I don't like the high volume selling last week, you might want to see if they try and take it down in the morning. Buy on the dip with that stop in place. You can relax a bit if they bid it back up on lower volume. I would again stress that stop. Good Luck!
Great analysis .. looks like on last Friday close, gold goes up in tandem with the dollar. Now they go in the same direction. Would you recommend gold mining stocks here if the market collapse ?
Great vid. Thanks!
bullseyejoe 2 years ago
great updates, I see huge trend changes since last Friday. Markets should fall dramatically in my book between now and Jan 2010.
Silberhorter 2 years ago
Great one, thanks.
slymartins 2 years ago
The GDX found a bid at support on Friday. It's a fairly safe trade but I would keep a tight stop in just below Friday's lows. I don't like the high volume selling last week, you might want to see if they try and take it down in the morning. Buy on the dip with that stop in place. You can relax a bit if they bid it back up on lower volume. I would again stress that stop. Good Luck!
rad60002003 2 years ago
Great analysis .. looks like on last Friday close, gold goes up in tandem with the dollar. Now they go in the same direction. Would you recommend gold mining stocks here if the market collapse ?
hktraveller 2 years ago