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

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To: Wade who wrote (32087)10/20/2011 12:34:16 AM
From: gold$10k7 Recommendations  Read Replies (1) of 48092
 
IMO it's just the way markets work. Except for the midnight plunge on 9/26, the trading range of $1585 - $1680 was established during the last week of September and here we are not quite a month later ready to re-test the initial low just in time for OPEX. This should not be a surprise. Many of my posts of the past 8 or 9 days pointed to this most likely outcome. It's a classic pattern and you'll probably see it play out quite a few more times before this gold bull market ends.

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