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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.
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To: The1Stockman who wrote (1849)6/19/2014 9:29:17 AM
From: Robov1 Recommendation

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The1Stockman

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Thanks James I appreciate the comments. Nice to see gold up, but. the price we pay will almost certainly be a bunch of daily gaps across the sector at the open this morning. As you rightly point out I expect the 1290 - 1300 region to be vigorously defended and even the current location as we have just pierced both the 50 and 200 SMA at 1284 and 1285 respectively. Still a little room to move higher but a breather is coming no doubt. Silver is even closer to being overbought technically. But as we saw on the last move higher momentum can keep things going a little longer than would otherwise be the case. That and global affairs, which there are no shortages of right now. A break above the 50/200 and the 1290 level where price fell could scare some weaker shorts to start covering adding to the momentum. I show the GDXJ up 1.04 and over 2.34% in the premarket. We could it break through the neckline today at around 41.50. It's within .20 cents now.
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