Posted by racerick on 10th of Nov 2014 at 12:24 pm
Futures look like trying to bounce off 50% fib of Fridays action
1155ish and because 15min 200ma is right there also may give us
decent bounce. Keeping real tight stop though, not bouncing real
hard some far.
Fading like a cheap suit
GDX and GDXJ hanging around halfway of Friday's candle
Posted by steve on 10th of Nov 2014 at 11:08 am
Fading like a cheap suit thus far...buyers strike. Continue to monitor.
Gold
Posted by racerick on 10th of Nov 2014 at 12:24 pm
Futures look like trying to bounce off 50% fib of Fridays action 1155ish and because 15min 200ma is right there also may give us decent bounce. Keeping real tight stop though, not bouncing real hard some far.
If GDX holds here there will be reverse divergence on the 60.
Posted by zitron on 10th of Nov 2014 at 11:10 am
Looks like the dog still has bark left in it.
Posted by disciple33 on 10th of Nov 2014 at 11:46 am
It will take off when we're all sick of looking for a sustainable rally.