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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks

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To: Claude Cormier who wrote (44608)	11/11/2016 2:06:01 PM
From: Rarebird	Read Replies (2) of 49402

GDX and GDXJ have broken down badly, well below their 200 Day EMA: stockcharts.com stockcharts.com For starters, these Gold Mining ETFs will need to reverse course and close back above their 200 DAY EMA. I'm not saying they won't. In contrast to Canada, there is a big problem with sponsorship of gold miners in the US when they break down and enter bearish periods. Still, I expect a fateful date with the 200 Day EMA on the horizon. I wouldn't want to be long the Miners if that test fails. You sound quite confident.

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