GDX and gold big reversal

    Posted by matt on 19th of Dec 2018 at 02:15 pm

    GDX - Chart Link - as expected with that more hawkish Fed Statement which caused a spike in the Dollar, precious metals sold off, here's GDX. 

    again let's allow the gyrations

    Posted by matt on 19th of Dec 2018 at 02:17 pm

    again let's allow the gyrations to unfold here in the afternoon - sometimes the market changes its initial reaction after the FOMC

    Sometimes ? ;)  Initial move

    Posted by deep on 19th of Dec 2018 at 02:29 pm

    Sometimes ? ;)  Initial move down should result in the long awaited Santa Rally... let's see.

    that's why I said below

    Posted by matt on 19th of Dec 2018 at 02:32 pm

    that's why I said below guys - let the gyrations clear out and sometimes the initial reaction is reversed.  

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