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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 to unfold here in the afternoon - sometimes the market changes its initial reaction after the FOMC
Sometimes ? ;) Initial move down should result in the long awaited Santa Rally... let's see.
that's why I said below guys - let the gyrations clear out and sometimes the initial reaction is reversed.
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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.