there is huge negative macd divergence on the daily chart - not
going away anytime soon by the looks of it.
it may be oversold enough at around 40 to start to show some
momentum change - maybe.
meanwhile DUST is a good way to play it - until negative
divergence starts to show up there. DUST / NUGT
are good ways to play the ups and downs b/c they move sharply and
when they reach o/b/s, will show divergence very clearly.
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gdx
Important question about the gold mining stocks
Posted by roger on 15th of Nov 2012 at 09:26 am
there is huge negative macd divergence on the daily chart - not going away anytime soon by the looks of it.
it may be oversold enough at around 40 to start to show some momentum change - maybe.
meanwhile DUST is a good way to play it - until negative divergence starts to show up there. DUST / NUGT are good ways to play the ups and downs b/c they move sharply and when they reach o/b/s, will show divergence very clearly.