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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: GROUND ZERO™ who wrote (29922)3/14/2012 9:17:35 PM
From: Lazarus1 Recommendation  Read Replies (1) of 219475
 
From what I can see -- and I dont follow miners much -- it looks like NEM and NGD have just about bottomed out.

GLD --- well it fell out of the channel and it would not surprise me to see it get hammered down around $6 more bucks. Could also see another day or two of hammering on NEM and NGD but nothing substantial.

But -- GLD was (and gold) suddenly went into a freefall - it would be all bets off on miners.

My hunch is -- a little further down and she holds... and that's how I've positioned myself.

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