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bhowe
Jan 15, 2016 1:52 PM

GDX, NUGT, GLD Long

VanEck Gold Miners ETFArca

Description

GDX, Looks like the miners are getting close to a buy. The RSI is approaching the oversold area on the daily chart. I expect a week of consolidation (note similar blue boxes) with a drifting down to the $12.72 area. This will be the BUY. It will give the daily chart time to reach way over sold. Then we can jump in and get a $2-$3 jump in GDX. We will sell when the RSI gets to 80%.
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