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.
By the by: Confidence in banks hasn't been this low in 20 years in Sweden (when they had to raise interest rates to 500% due to heavy speculation against the swedish crona). One in four has low confidence in banks.(so far they still keep there money there though.) This according to all major news stations in Sweden, published 3 or 4 day ago.)
I picked up some yesterday. Though originally had an order at $9.61 (May 31 low) but then got anxious after the price bounced off $9.80 and ended up entering at 9.91, right before the price got all the way down to 9.50 : ).
Should never be changing original plans which are usually curved out in the calm environment of the preceding night!