Posted by steve101 on 23rd of Nov 2016 at 08:47 am
Steve, I closed my miner positions on the morning of August
15th.
Is it prudent to take 1/4 positions in some miners on a retrace
to the 19.80 level? The .618 retracement in GDXJ is 30.48. The .618
in SIL is 29.99.
The BPGDM is likely to be close to zero. Sentiment is in the
toilet. Looks like a wave 2 in Elliot wave. Wave 2's can go deep. A
.781 retracement in GDX is about 16.75. Your thoughts?
Best, Steve
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Is it prudent to take 1/4 positions in some miners?
USA Durable Goods Orders (MoM) for Oct 4.80% vs 1.50% ...
Posted by steve101 on 23rd of Nov 2016 at 08:47 am
Steve, I closed my miner positions on the morning of August 15th.
Is it prudent to take 1/4 positions in some miners on a retrace to the 19.80 level? The .618 retracement in GDXJ is 30.48. The .618 in SIL is 29.99.
The BPGDM is likely to be close to zero. Sentiment is in the toilet. Looks like a wave 2 in Elliot wave. Wave 2's can go deep. A .781 retracement in GDX is about 16.75. Your thoughts?
Best, Steve