An observation and another attempt to post a chart....Noticing
that GDX, if it closed here, would close above the 200 MA and 200
EMA for the first time since breaking below in late October. Right
now being held just below the 50 after opening just above it.
Probably not today, but if GLD can close above the 50, and
with the GDX/GLD ratio finally breaking it's trend line and looking
up, maybe the we could get another run going.
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An observation and another attempt
Posted by puma on 27th of Nov 2017 at 02:49 pm
An observation and another attempt to post a chart....Noticing that GDX, if it closed here, would close above the 200 MA and 200 EMA for the first time since breaking below in late October. Right now being held just below the 50 after opening just above it. Probably not today, but if GLD can close above the 50, and with the GDX/GLD ratio finally breaking it's trend line and looking up, maybe the we could get another run going.