Gold is currently down about 9 while GDX is down pre market 0.30
cents. However should they reverse or the stocks only have
minor pullback today, quite a few still have nice potential
triangle/pennants:
MUX over 2, NDG over 3.81, PAAS over 11.28, RGLD over 53, AU
over 14, CDE over 5.86, DRD over 4.1, AG over 6.53, AGI over 5.61,
AUY over 3.16
Matt, how do you reconcile a buy signal on the BPGDM, nice
patterns on these gold stocks and a very high net short for gold on
the COT? I am leaning short on gold miners, but the fact
that the rounded top/H&S pattern on GDX is stubbornly
holding that trendline from last month makes me think we get a big
pop before we get any bigger pullback. Your thoughts?
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Gold Stocks
Posted by matt on 6th of Apr 2016 at 09:16 am
Gold is currently down about 9 while GDX is down pre market 0.30 cents. However should they reverse or the stocks only have minor pullback today, quite a few still have nice potential triangle/pennants:
MUX over 2, NDG over 3.81, PAAS over 11.28, RGLD over 53, AU over 14, CDE over 5.86, DRD over 4.1, AG over 6.53, AGI over 5.61, AUY over 3.16
Matt, how do you reconcile
Posted by pebs on 6th of Apr 2016 at 11:24 am
Matt, how do you reconcile a buy signal on the BPGDM, nice patterns on these gold stocks and a very high net short for gold on the COT? I am leaning short on gold miners, but the fact that the rounded top/H&S pattern on GDX is stubbornly holding that trendline from last month makes me think we get a big pop before we get any bigger pullback. Your thoughts?