yeah to me the dollar is still weak, so the 4th wave
consolidation is still going on, I could see the dollar going a
little lower still before trying to bounce, so that could give gold
and GDX some more boost to the upside and thus hit that 61.8%
Fib.
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yeah to me the dollar
GDX
Posted by matt on 6th of Jan 2010 at 11:42 am
yeah to me the dollar is still weak, so the 4th wave consolidation is still going on, I could see the dollar going a little lower still before trying to bounce, so that could give gold and GDX some more boost to the upside and thus hit that 61.8% Fib.