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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Real Man who wrote (105091)3/21/2014 8:56:00 AM
From: Rarebird  Read Replies (1) of 217591
 
The bottom line is that the Junior Gold Miners (GDXJ) have led this advance in 2014 and they did not confirm the POG breakout exactly one week ago. No surprise then that the POG broke down, along with the Miners.

The good news is that there was no technical damage done. Just a healthy correction to get rid of the overbought condition before the next move higher. I'd prefer to see a complete gap fill down to $38.36 before the correction is complete, but that's not essential. Yesterday and today look like bounces before the correction is complete very early next week.
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