yes nice chart. I noticed GDX had also stopped at the top of its
falling channel and used the opportunity to add to shorts. Should
be a good 2 way bet. If equity markets fall materially, I think you
will get liquidation of some Gold positions given its recent run.
If equities rally, then Gold & Gold Stocks will probably fall
on some dollar retracement of recent gains. We shall see!
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Gold -- stopped at the top of the 60 Min channel
Posted by puma on 18th of May 2010 at 02:51 pm
yes nice chart. I noticed
Posted by vimal on 18th of May 2010 at 02:57 pm
yes nice chart. I noticed GDX had also stopped at the top of its falling channel and used the opportunity to add to shorts. Should be a good 2 way bet. If equity markets fall materially, I think you will get liquidation of some Gold positions given its recent run. If equities rally, then Gold & Gold Stocks will probably fall on some dollar retracement of recent gains. We shall see!