GDX - PM stocks are up nicely GDX is up
1.37, however be careful here, as the 2 length RSI is now
99.3%and the 5 length RSI is now
85.7%, those RSI indicators are very overbought in
the short term
Posted by hamvestor on 8th of Sep 2011 at 11:48 am
Matt, nice call. GDX pulled back a bit shortly after you posted
that. I'm holding a large position in NUGT, and while I'm doing a
little trading around the short-term moves, I'm determined to hold
onto a larger core position, as I think the mining stocks have a
ways to run over the next few months at least. The break-out from
the nearly year-long consolidation, if it holds over the next few
days, should be a prelude to a very strong move up. We'll see.
GDX comments
Posted by matt on 8th of Sep 2011 at 11:26 am
GDX - PM stocks are up nicely GDX is up 1.37, however be careful here, as the 2 length RSI is now 99.3%and the 5 length RSI is now 85.7%, those RSI indicators are very overbought in the short term
Matt, nice call. GDX pulled
Posted by hamvestor on 8th of Sep 2011 at 11:48 am
Matt, nice call. GDX pulled back a bit shortly after you posted that. I'm holding a large position in NUGT, and while I'm doing a little trading around the short-term moves, I'm determined to hold onto a larger core position, as I think the mining stocks have a ways to run over the next few months at least. The break-out from the nearly year-long consolidation, if it holds over the next few days, should be a prelude to a very strong move up. We'll see.
thx Matt!
Posted by frtaylor on 8th of Sep 2011 at 11:28 am
thx Matt!
here's a 5 min GDX
Posted by matt on 8th of Sep 2011 at 11:34 am
here's a 5 min GDX chart, it's simply trading sideways between the Pivots today
as posted earlier, GDX continues
Posted by matt on 8th of Sep 2011 at 02:11 pm
as posted earlier, GDX continues trading sideways between the pivots, here's a 5 min chart