Last week saw a huge volume reversal from 9.51, which might be the low.
Now I am looking for price over 13.60 for a higher weekly candle & to add on weakness (unless that 9.51 low is violated).
Now looking for either a higher or lower weekly close as the battle is joined.
This is a pretty good article and it describes my view:
We are not rushing to pour money into gold stocks at the moment. Our preference is to see strength in an area before committing capital. However, again, for a trade, if we were to attempt such a knife-catch, it would be done at a major level. A very reasonable argument can be made for that now as it pertains to gold stocks.
Edited by Rogerdodger, 13 November 2014 - 12:01 PM.