Your chap mentions the ARCA Gold Miners Index (GDM)
represented by the ETF GDX and then shows a chart of the $HUI??
Remember the $HUI is un-hedged gold miners index where the three
largest proponents account for 45% so predominantly large cap. And
could be at a support in here. While GDX gold and silver miners ETF
is medium capped biased.
Personally - Was stopped out of GDX for a profit and I am still
long the Juniors...
Can't blame anyone else, it was your decision alone to enter the
trade therefor it is you who is responsible. Is the person who
recommended it still in?
You have your exit plan...but bear in mind the Bullish 'Wedge'
with divergence on te 60Min which may or may not play out...
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I guess you are SHORT?...
Gold on verge of breaking intermediate term trend to down
Posted by saturn6 on 28th of May 2015 at 04:24 am
Your chap mentions the ARCA Gold Miners Index (GDM) represented by the ETF GDX and then shows a chart of the $HUI??
Remember the $HUI is un-hedged gold miners index where the three largest proponents account for 45% so predominantly large cap. And could be at a support in here. While GDX gold and silver miners ETF is medium capped biased.
Personally - Was stopped out of GDX for a profit and I am still long the Juniors...
It may even be a false break but they look weak and trend is down
Posted by torvix on 28th of May 2015 at 05:39 am
Renko is also down, who knows how far.
Unfortunately I am long EGO but will never make that mistake again. Those signals represent emotional highs in many cases is my conclusion.
EGO...
Posted by saturn6 on 28th of May 2015 at 08:55 am
Do you have an exit plan?
Considering the current state of affairs it seems mad to me not to have physical PM's...'
Suffice it to say, were we receiving the current news of today just 15 years back, the financial and social worlds would have been in outright panic.'
Bill Holter
going to take the hit, was incredibly stupid following someone elses advice
Posted by torvix on 28th of May 2015 at 09:29 am
lost over 8000 USD on it tragic
the rule is manage ur own risk and position sizing
Posted by torvix on 28th of May 2015 at 10:05 am
EGO...
Posted by saturn6 on 28th of May 2015 at 09:45 am
Can't blame anyone else, it was your decision alone to enter the trade therefor it is you who is responsible. Is the person who recommended it still in?
You have your exit plan...but bear in mind the Bullish 'Wedge' with divergence on te 60Min which may or may not play out...