GDX comments

    Posted by matt on 27th of Jun 2013 at 02:40 pm

    GDX - Chart Link - finally some good positive divergence between GDX and gold price today i.e. with gold down almost $30, GDX is up 75 cents! This is especially evident in the GDX/GLD ratio trendline which was cleanly broken and trending up - I discussed this last night as well as the positive divergence setting up

    GDX - Chart Link - as you know on the daily chart, it hit a measured move yesterday

    By the way, look at

    Posted by auni on 28th of Jun 2013 at 12:38 pm

    By the way, look at a weekly chart if you want to see a nice reversal candle.

    yes the weekly chart of

    Posted by matt on 28th of Jun 2013 at 03:21 pm

    yes the weekly chart of GDX sports a big hammer, will cover in the weekend report

    I have some nugts which

    Posted by xxnileshxx on 28th of Jun 2013 at 03:27 pm

    I have some nugts which are up 26% now I am tempted to hold on.  What would you do?

    Heck,  I sold mine. I'm

    Posted by atlantis on 28th of Jun 2013 at 03:35 pm

    Heck,  I sold mine. I'm happy with the profits...I'll wait for another occasion to reenter.

    Thanks for the trade idea!

    Posted by auni on 28th of Jun 2013 at 12:25 pm

    Thanks for the trade idea!  Took it yesterday with a close stop at Wed's low of 22.21.  seemed like a tightly defined trade.

    GDX - Chart Link - the

    Posted by matt on 28th of Jun 2013 at 10:22 am

    GDX - Chart Link - the out performance of GDX relative to gold that started yesterday continues to push GDX higher today

    GDX - Chart Link -60min chart shows how the GDX/GLD ratio trendline break which occurred yesterday provided a good trigger

    Matt - is it correct

    Posted by isplat on 28th of Jun 2013 at 10:23 am

    Matt - is it correct to say that normally the gold stocks lead the metal?

    Yeah, I notice that, I

    Posted by seattle on 27th of Jun 2013 at 02:44 pm

    Yeah, I notice that, I don't know what the deal is.

     

    I did buy TGD at the close yesterday and suddenly it's up big today.   I you look at daily chart of NUGT, it starts to climb at 2pm EST, something is going on.

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