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GDX was down quite a bit this morning but has had a nice reversal up so far (the gap down low for GDX was the low of the day) as the US Dollar reversed logically off the 50 day MA and the 30 min negative divergence played out on the Dollar chart.
Some of the Oil and Gas Companies - RIG - also showing signs of strength and holding key support levels.
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big reversal in gold stocks
Posted by matt on 24th of Aug 2010 at 10:49 am
GDX was down quite a bit this morning but has had a nice reversal up so far (the gap down low for GDX was the low of the day) as the US Dollar reversed logically off the 50 day MA and the 30 min negative divergence played out on the Dollar chart.
RIG REV
Posted by goldenstate on 24th of Aug 2010 at 11:00 am
Some of the Oil and Gas Companies - RIG - also showing signs of strength and holding key support levels.