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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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From: rubbersoul4/25/2011 9:03:43 PM
   of 48092
 
I think we roll over this week to set up our blast higher. This to me doesn't look like a launching pad:

stockcharts.com

My road map says GDX will break last Mondays low and crash through the 50 dma support threatening to touch the 200 dma somewhere between 57-58 (5-7% pullback). I expect April lows to hold and the IT trend to be intact. We just have to wait for a daily cycle bottom.

I'm 23% cash and 3% HZD (2X short silver= 6%).
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