A few days ago the GDX made a higher low indicating that the sell-off might be over.
The next important resistance is at 30-31. A break of this level should lead to a rally to 40.
Tuesday, August 13, 2013
GDX ~ 13 August 2013
Miners have performed even worse than gold during the last few months. Between September 2012 and June 2013 the GDX lost 60 % of its value:
A few days ago the GDX made a higher low indicating that the sell-off might be over.
The next important resistance is at 30-31. A break of this level should lead to a rally to 40.
A few days ago the GDX made a higher low indicating that the sell-off might be over.
The next important resistance is at 30-31. A break of this level should lead to a rally to 40.
