AMEX:GDX VanEck Gold Miners ETF
Comex Gold Futures and GDX , corresponding gold , both took a dive on Tuesday morning. Crude Oil plunged another 14% in early trading creating a need for cash to cover losses. With FOMC rate and economic policy decisions due on Wednesday and ECB on Thursday, is on the rise for the rest of the week. Gold is holding support at $1705 with potential to move higher.