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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.
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To: The1Stockman who wrote (1838)6/18/2014 5:27:11 PM
From: Robov  Read Replies (1) of 1954
 
I own some RBY although I have been selling in chunks on this move up and sold the small balance in one account at that gap. Sold it at the 1.30, not going to quibble over a penny and that account had 1.16 average. Sold 50% of the remaining 1500 of a remaining 2500 in the other account with a 1.04 average. And sold half of a remaining 5k of some GPR.TO at 1.35 today at the close in another account. That one has a 1.04 average as well. RBY has two gaps that it left behind at 1.08/09 and another at 1.13/15. I'm expecting them to fill at some point so will look to average back in.
MUX has a gap at 2.43/45 and the GDX left 2 behind while the GDXJ left one. So I'll be looking to buy back in on any pull backs and if MUX get's back down into the 2.20's I'll definitely add there. But MUX also looks like it wants to break out a little higher through the resistance at 2.77.
GDX and GDXJ rallied hard into the close on some very good volume further confirming to me the validity of their H & S bottom patterns, but are approaching overbought and will be due for either a correction or a pause. But as you know the last time gold rose and got some momentum these miners can stay over bought for awhile before getting that correction.
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