GDX - Chart Link - again as I stated last
night in the newsletter (hopefully you listened though many of you
do not), you guys have a decision to make with these gold pms
stocks. If you bought them last week when we thought they
looked good or even early yesterday, you have profits. Now
you have to decide if you wish to take short term profits and buy
lower - or if you wish to hold core swing positions and be willing
to give those positions ample wiggle room with wide initial stops
in case a decent intermediate low has been established for the gold
stocks, which is very very possible giving the weekly charts and
could result in these stocks moving higher for months (of course
pullbacks along the way will occur) - again it's up to you, but you
have to decide. We'll of course continue to monitor along the
way.
Gold stocks comments
Posted by matt on 23rd of Jul 2013 at 11:41 am
GDX - Chart Link - again as I stated last night in the newsletter (hopefully you listened though many of you do not), you guys have a decision to make with these gold pms stocks. If you bought them last week when we thought they looked good or even early yesterday, you have profits. Now you have to decide if you wish to take short term profits and buy lower - or if you wish to hold core swing positions and be willing to give those positions ample wiggle room with wide initial stops in case a decent intermediate low has been established for the gold stocks, which is very very possible giving the weekly charts and could result in these stocks moving higher for months (of course pullbacks along the way will occur) - again it's up to you, but you have to decide. We'll of course continue to monitor along the way.
GDX - Chart Link
NEM - Chart Link - weekly chart which shows an Divergent RSI which has not existed for over 20 years
NEM
Posted by hawkinslf on 23rd of Jul 2013 at 12:50 pm
Matt.....appreciate the review of NEM. If I can get the right price, I am going to start ending into a swing position. Thanks
Just remember earnings come out after hours on 7/25/2013
Posted by porker58 on 23rd of Jul 2013 at 01:13 pm
GDX at your trendline? If
Posted by smoothy on 23rd of Jul 2013 at 12:12 pm
GDX at your trendline? If we get through here then around 30 "could be" neckline for an inverse head and shoulders?