Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (19885)	6/21/2010 10:55:51 PM
From: rubbersoul	Read Replies (1) of 48092

<The good news for this big down day is "relatively" low trading volume> The problem is that the big up days have been low on trading volume too. GDX had its biggest volume today in 9 sessions and in some ways that's not saying much because the volume for this upswing (taking GDX close to the May high) is half the volume of the rally in May: Message 26627010 Stochastics, williams, and RSI were at or close to being overbought which is probably why investors took profits. stockcharts.com I'd love to see GDX retest $50 area or move sideways here so that miners wouldn't be so overbought. A sideways down pattern into opex would set GDX up for a better launch.<BWDIK>

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