Quote:
Originally Posted by 1973
Since GDX didn't bounce back sufficiently, approximately 6% required, last night, the buy signal has been negated.
It doesn't mean that price will drop further. If you have bought, you may sell on the bounce back and we will have to wait for another chance.
GDX has dropped because gold was overbought and need some correction. The correction in gold also drag GDX along. The excessiveness has now just been almost worked off and then.......
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Dude if you want to flaunt whatever crackpot theory you have on the markets, go to the CNA market talk forum there got a lot of uncles & aunties who play stock market all day to entertain you.
This is a jobs forum, people come here to ask and share job experience, not for you to advertise your stock guru skills…