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!
Matt, how do you reconcile
Gold Stocks
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?