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ChristopherCarrollSmith

Miners rounding bottom?

Long
Direxion Daily Gold Miners Index Bull 2XShares (AMEX:NUGT)  
ChristopherCarrollSmith Updated   
AMEX:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
Trend Lines roundingbottom fed QE ratecut Gold
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trendline roundingbottom fed qe ratecut gold
The gold miners' ETF is testing its downward trend line again today, and may be in the process of making a rounding bottom. Buy low in the crescent or watch for a bullish trend line break. Gold has been showing some strength due to Fed policies and dollar weakness. It could break out upward on news of either significant market weakness or a breakdown in the US dollar.
Comment:
Gold broke the trend line today!
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