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ha yep - single digits may be coming ultimately for GDX, crazy.
deflationary spiral in this world
If you look at the daily chart on GDX from Aug though now (sorry, can't post the chart right now) and you see it as a complex head and shoulders that's breaking the neckline today, then it measures down to about 9.
And for a near-term catalyst, Draghi's last cowbell didn't do the trick. This week he's going to take another shot at pushing the Euro down.
It's looking like GDX could break the 12.40/12.50 support range soon if my theoretical bounce doesn't come quickly.
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ha yep - single digits
GDX potential double bottom
Posted by matt on 19th of Jan 2016 at 01:21 pm
ha yep - single digits may be coming ultimately for GDX, crazy.
deflationary spiral in this world
If you look at the
Posted by puma on 19th of Jan 2016 at 02:14 pm
If you look at the daily chart on GDX from Aug though now (sorry, can't post the chart right now) and you see it as a complex head and shoulders that's breaking the neckline today, then it measures down to about 9.
And for a near-term catalyst,
Posted by a_l_ on 19th of Jan 2016 at 01:42 pm
And for a near-term catalyst, Draghi's last cowbell didn't do the trick. This week he's going to take another shot at pushing the Euro down.
It's looking like GDX could
Posted by pwb8 on 19th of Jan 2016 at 01:44 pm
It's looking like GDX could break the 12.40/12.50 support range soon if my theoretical bounce doesn't come quickly.