Thanks James, Sandstorm doesn't want to consolidate or correct much of its recent move from $9.70 - $15.25. SSL.v still looks to be in the overbought range to me.
For the junior miners and streamers, the next buy will be when GDX turns bullish. GDX crossed-up on the Full Sto 20,10,5 from oversold conditions. MACD 12,26,9 is close to a cross up. GDX's 38% retrace of the July low to- Oct high is $49.55, and GDX printed $50. Intermediate support for GDX is $48. GDX seems close to giving a bull signal, its close to either a break out or fake out. Many of the small / micro-cap gold and silver miners, on my watch list were up big today, on no news.
Silver tagged the 38% retrace and a few of the miners tagged the 38% retrace. The 38% retrace for gold is $1,694. $1,694 is the area of support I'm looking for a buy. The stock market indexes, like gold are also priced above that 38% retrace of the July low to October high. |
