that occurred days ago on the 60 min GDX/GLD ratio,
and the GDX daily Renko chart remained on a buy signal
anyway one reason that I put out Long ideas for gold stocks was
as a hedge for the GDX system short, which I thought were good
hedges and most of stocks looked good
$BPGDM just went to 70%,
GDX at resistance?
Posted by 8899 on 2nd of Sep 2011 at 10:06 am
$BPGDM just went to 70%, so that is a crossover of the 5 day moving average and gives a buy signal at the end of the day i think...
Yes BPGDM will cross up
Posted by matt on 2nd of Sep 2011 at 10:09 am
Yes BPGDM will cross up today.
however you also had time to pick up a few gold stocks right at the open, or pre market, most gapped up but are trading higher from the open gaps
in my Wed newsletter that's why I listed a bunch of gold stocks, which were a hedge against the GDX system short.
Also we have a cross
Posted by rayalexander123 on 2nd of Sep 2011 at 11:44 am
Also we have a cross of the 7 / 21 day EMA on GDX:GLD, which is bullish for GDX.
that occurred days ago on
Posted by matt on 2nd of Sep 2011 at 11:48 am
that occurred days ago on the 60 min GDX/GLD ratio,
and the GDX daily Renko chart remained on a buy signal
anyway one reason that I put out Long ideas for gold stocks was as a hedge for the GDX system short, which I thought were good hedges and most of stocks looked good
GDX
Posted by superdupa on 2nd of Sep 2011 at 10:31 am