SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (112475)10/13/2020 5:59:30 PM
From: stuffbug  Read Replies (1) | Respond to of 116753
 
RR, I know you have a quick trigger, but how is the GDX action any different from what transpired in June?

Following a double bottom,
GDX gaps higher (June 22nd),
attempts to push the following day but ends up indecisive (doji),
then a couple days of correction before lift-off.

Today's low tagged the 8 day vwap (volume weighted average price), a very common occurrence after a successful reversal.

One difference - in June, the price of gold did not decline along with the miners, but silver did.