Posted by mdschapiro on 18th of May 2012 at 02:00 pm
If it forms that inverse H&S it would target the big
declining multimonth trendline at around $48/47.-.
Dollar should decline or ease over the next 2 weeks (trading
cycle) helping gold and gold stocks. It may turn out to be a great
shorting opportunity if it gets there.
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If it forms that inverse
GDX daily
Posted by mdschapiro on 18th of May 2012 at 02:00 pm
If it forms that inverse H&S it would target the big declining multimonth trendline at around $48/47.-.
Dollar should decline or ease over the next 2 weeks (trading cycle) helping gold and gold stocks. It may turn out to be a great shorting opportunity if it gets there.