Tag Archives: GDX
A.M. Look 3/8/13
Welcome to unenjoyment…and for your added pleasure USDA Crop Report @ 11:00 CDT. Where’s Beeks when you really need him! AUD/JPY…97.76 is last months high( maintaining above is price positive). This will trade up or down with the Spu’s. EUR/JPY…maintaining … Continue reading
Mid Day Missive
Risk On Crowd… CAD/JPY…as long as this maintains above 91.50 look for the stops to be run above 92.27. This also appears to be the only way to manage a short Yen position with limited risk.. In other words…you have … Continue reading
Miners
AUY,NGD,NEM,ABX,PAAS, These names are all attempting the same Pattern as the GDX…ORH days. We still have a lot of time left. Money Never Sleeps….Gordon Gekko You’re seeing the buying of dollars coupled with profit taking in many high flying instruments. … Continue reading
Things to Watch
Yesterday we sent out the GDX chart. We showed the low risk buy level. A close today over 36.65 will put in a trad able low. Both Gold & Silver have held. Buy stops in the Gold are over 1587. … Continue reading
GDX…Miners
The miners are retesting their last breakout of 48.40, which is also the 200 day mvg avg. The weekly charts show that 47.63-83 is the lower risk buy zone with a tight stop. Spu’s…sustaining over 1367.50 will run out the … Continue reading
30 Yr. Bonds…TBT…GDX
Resting stops are 145.23 (Z) 145.03 (U) These levels would be overextended the first time down. TBT…16.70 GDX…53 is the next fib match for the miners
GDX…Pattern Alert!
A close over 42.45 puts in an ORH week. On our previous view we thought that this instrument would go into the high 39’s before finding a trad able low, or at least one where we’d take a look a … Continue reading