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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: A Horse With No Name who wrote (31000)8/31/2011 3:31:10 PM
From: ItsAllCyclical  Read Replies (1) of 48092
 
Divergences on 60 min/daily charts. GDX/S&P overbought and have become the same trade ST. Paring back to mostly LT positions seems to make sense here, but again I'd be looking to buy dips as time wise we're not that far off from GDX:GLD finally starting to outperform. I'd feel better if GDX were at current levels with POG closer to 1750 range.
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