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The holiday phenomenon is to pick up after the weekend, before which people sell for peace of mind.
So should be be ditching this 'bounce' ie yesterday's buys, if we don't get follow through today or hold tight?
And maybe this GDX correction is over with a 'flat' wave 2 holding at support - gold is up and USD is through support.
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holiday rally & GDX
Posted by kreem on 2nd of Jul 2008 at 02:06 pm
The holiday phenomenon is to pick up after the weekend, before which people sell for peace of mind.
So should be be ditching this 'bounce' ie yesterday's buys, if we don't get follow through today or hold tight?
And maybe this GDX correction is over with a 'flat' wave 2 holding at support - gold is up and USD is through support.