I'd be watching this week for the opportunity but gold seems to
be up quite a bit going into Tues. Check Kitco real time
at http://www.kitco.com/
Currently up about $15 to 957
GDX has lots of resistance to work through in the near future
but currently hasn't broken down at all. I'll be watching for a gap
up into the 40-42 area for confirmation. Otherwise you have to
break the (MA)200 and or (MA)20 for confirmation. Additionally keep
an eye on that trend line.
Title: Gold Short Picture 12.png I'd be
GLD - short?
Posted by manson805 on 17th of Feb 2009 at 12:48 am
I'd be watching this week for the opportunity but gold seems to be up quite a bit going into Tues. Check Kitco real time at http://www.kitco.com/
Currently up about $15 to 957
GDX has lots of resistance to work through in the near future but currently hasn't broken down at all. I'll be watching for a gap up into the 40-42 area for confirmation. Otherwise you have to break the (MA)200 and or (MA)20 for confirmation. Additionally keep an eye on that trend line.
GDX Daily Chart