1 reply to this topic

[viccarter]

What i think is interesting about GDX/GDXJ is that you have to respect the base built since Nov.  There is not a lot of volume coming in right now, but at some point you have to expect some trending behavior on the upside.  To be honest we've found bottoms around these levels in GDX since mid/late July, at some point we need to test those upper levels.  I for one have no real fear of the Dixie, looks to me like the Yen is the long trade to be in right now other than the DXY, and even still I trade charts rather than correlations.  Just my thoughts.

[gannman]

i agree i believe the long sought after bottom is here. was waiting for this kind of day to occur