0.6 $ from the magic 200 and the bottom of the GAP.
I've started to accumulate miners today. If we close the GAP and tag the 200 I will be adding to the position tomorrow.
It's unbelievable but the miners started the ICL decline before gold . So the miners will bottom first and gold will follow the miners. We shouldn't fall below the previous ICL at 22$.
For advanced traders I suggest NUGT and JNUG . It will be a unique possibility to buy miners.
GDX and GDXJ are already at extreme oversold levels where bottomed in the past ( ). Banks will do everything to lose your positions. If you are in the game already hold the position.
Brutal volume today. Smartmoney forced gold to drop with 25.000 contract dump.
The small guys stopped out.
1 day ? 2 days? Next week the latest when miners will rally with gold.
I'M adding to my positions again.
It's a unique possibility.
Maybe today ....
Will leave the trolls alone to short it here.
It can easily be the bottom.
We are bottoming...
No one left to sell.
It's building the bottom.
opening at 39$
Miners will bottom ahead of gold. I tend to think that in the night (GMT) (afternoon EST) when China opens there will be one more spike down to 1230-40 in gold.
That will be bought by Tuesday.
+4% - not bad for your options
Very good sign. The bottom might be in.
It's a good buy today again.
Miners are bottoming ahead of gold today.