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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (28624)4/30/2011 10:15:13 AM
From: rubbersoul2 Recommendations  Read Replies (2) | Respond to of 48092
 
GDX successfully tested the 50 dma 3 times this past week and was able to close above the middle of the bollinger. It has also IMO made two consecutive higher daily cycle lows in March and April after the Jan. bottom. Williams, Stochastics, and RSI have turned up as well. I think we are ready to rocket.

No high fives here, eh? When traffic gets busy on this thread, sell.<G>



To: Wade who wrote (28624)5/1/2011 3:04:52 PM
From: benwood  Read Replies (1) | Respond to of 48092
 
What HB has said in the past many times is that shares usually lead an advance, the metal leads the finale.

The reason I'd hold here if it's the end of the move is that it might be 10-15% higher when I sell.

That said... strange stuff has been happening, with miners diverging recently. Mon and Tues are critical days I think. I still believe that there's another big push coming, including the miners, but the ground is shaking a bit. I've already seen some people bail completely or go short, which I think is a very good sign because a couple that I know are horrible timers on the shares and the metals, too.