I think this move down in /GC is overdone and offering an opportunity to buy miners.
My dowsing is suggesting tomorrow morning for a buy entry on a dip. I'm not sure it takes out today's lod, but I suspect it'll be one of those dip and rip kinda jobs. I hope, anyway!
Actually, now that I look at /GC I can see it needs to clean up the lows around 1773. So if I see GC break that, reclaim it and look constructive on the upside, GDX will be good to go imo. And, so will /GC for that matter.
This is a serious low I'm looking for here that will send GDX up to the $54 area in September.
I like it, but wth do I know? We'll just watch and see.
My dowsing is suggesting tomorrow morning for a buy entry on a dip. I'm not sure it takes out today's lod, but I suspect it'll be one of those dip and rip kinda jobs. I hope, anyway!
Actually, now that I look at /GC I can see it needs to clean up the lows around 1773. So if I see GC break that, reclaim it and look constructive on the upside, GDX will be good to go imo. And, so will /GC for that matter.
This is a serious low I'm looking for here that will send GDX up to the $54 area in September.
I like it, but wth do I know? We'll just watch and see.