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Non-Tech : The Woodshed

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To: gold$10k who wrote (54648)10/5/2016 12:49:07 PM
From: stuffbug  Read Replies (1) of 60900
 
Fred Hickey is an excellent analyst.

The price chasing dumb-dumbs who were buying the summer breakout are down 20% or more and their stop losses (take losses) are now kicking in.
GDX has retraced back to the 200 day moving average.
Volume is much lower than yesterday.

Here are the outstanding units for GDX
Jan 1:... 314.65 million
Aug 12: 353.15 million
Sep 1:.. 377.95 million

Oct 4:.. 433.45 million
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