Tag Archives: Miners
Miners
After a blistering near 27% run since the June unemployment data, GDX looks toppy. A close today under 26.59 would put in an ORL day. The Junior Miners (GDXJ) pattern, while in need of some digestion, looks better than it’s … Continue reading
GDXJ…Trade Alert!
BUY GDXJ @ the market. OCO order…Sell @ 41.80 OCO 38.70 stop
Precious metals
Gold… 1345 is weekly resistance Silver…22 is weekly resistance AGQ…77.40 is fib and mvg avg resistance. 83 is substantial resistance. GDXJ…42.78 is the weekly break out #. 46.40 is resistance. The metals are not something I wish to chase on … Continue reading
A.M. Look 2/10/14
Stocks… Nasd 100…3524 is support. SPU’s…still need closes over 1800 for higher. The first descent retrace is in the low 1770’s. GDX & GDXJ…have been creeping higher since Dec. They both look like they can rally another couple of dollars. … Continue reading
Metals Traders
Gold…has put in a potential bottom based off the qtrly charts by retesting 1180, our long time downside tgt. Silver…has not done the same swing but today’s final puke by the Longs before year end has retested last qtr’s low … Continue reading
Midday Missive…With/ Trade Alert!
Short term traders…1675.25 is the daily ORL # in the Spu’s. The market is definitely aware of the level. Not only is it the qtrly close but when you add in an ORL to boot it becomes a major inflection … Continue reading
It’s all about the Miners
GDX…30.96 is resistance and the upside pivot for a test of 32.11. GDXJ…50.84 is the matching resistance level and the upside pivot. A close above this level is needed for a test of 55. NEM…34.20 is resistance and the upside … Continue reading