Friday, May 23, 2014

Miners weak

A bearish chart pattern is forming in the gold miners index (GDX).

Conversely, for a long only account, there is a bullish pattern in the gold miner short fund (DUST).

I watch AU all the time. It had been the strongest of the miners, but has also recently gotten weak.
So, a rally in gold would be a surprise at this time.

I am still long TC on the chart signals.

Bought some DUST today.

As usual, I add as the price proves me right.
Never add to losers, only winners.
That way you control risk!

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