GDX gapped over the downtrend line today (this open happens with
gold stocks, they often gap and you have to anticipate the move
sometimes, I bought some of them yesterday at the close in
anticipation. The GDX/GLD ratio also broke.
Now what to watch for is if GDX pulls back, look for it to find
support on top of the broken downtrend line
GDX 60 min
Posted by matt on 24th of Jun 2009 at 09:46 am
GDX gapped over the downtrend line today (this open happens with gold stocks, they often gap and you have to anticipate the move sometimes, I bought some of them yesterday at the close in anticipation. The GDX/GLD ratio also broke.
Now what to watch for is if GDX pulls back, look for it to find support on top of the broken downtrend line
Gold
Posted by racerick on 24th of Jun 2009 at 10:12 am
Matt did you say something on one of your recent newsletters about gold having some resistance at 941-943 area or maybe I saw somewhere else?