even though GDX is down, most of the setups I showed are
positive for now anyway, I think the ETF GDX is being weighed down
by a couple large components like ABX which missed earnings etc
yes remember in my discussion last night I pointed out the
potential small bear flag patterns on gold and Silver. Now if gold
and silver do pullback with those small flags playing out, watch to
see if GDX and gold stocks hold up better than the metals
PM stocks
Posted by matt on 1st of Nov 2012 at 09:55 am
even though GDX is down, most of the setups I showed are positive for now anyway, I think the ETF GDX is being weighed down by a couple large components like ABX which missed earnings etc
PAAS - Chart Link
TRX - Chart Link
KGN - Chart Link
MUX - Chart Link
HL - Chart Link
NEM
Posted by skyfish on 1st of Nov 2012 at 11:12 am
NEM to report after the close today
beware could be setting up for a bear flag
Posted by morton13 on 1st of Nov 2012 at 11:42 am
ABX reported and missed on both revenue and earnings.
yes remember in my discussion
Posted by matt on 1st of Nov 2012 at 02:00 pm
yes remember in my discussion last night I pointed out the potential small bear flag patterns on gold and Silver. Now if gold and silver do pullback with those small flags playing out, watch to see if GDX and gold stocks hold up better than the metals
20ema about to cross below
Posted by himsa on 1st of Nov 2012 at 02:30 pm
20ema about to cross below the 50 on GLD...