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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (112562)	10/28/2020 8:05:03 PM
From: stuffbug	Read Replies (1) \| Respond to of 116753

RB, the shorts have always loved to attack the miners on big down days. Sell every blip on the 5 minute chart, cover in the last few minutes of trading. I mentioned the 3 month low buy signal on another thread today. GDX & GDXJ both made a fresh 3 month low today - 1st time since the March lows. Gold and Silver are still comfortably above their respective levels of $1851 and $21.81. If the metals and miners are still in bull markets, then intermediate term bottoms should be formed within the next week or two.

To: Rarebird who wrote (112562)	10/28/2020 8:30:57 PM
From: ItsAllCyclical	Respond to of 116753

(dup eom)

To: Rarebird who wrote (112562)	10/28/2020 8:32:04 PM
From: ItsAllCyclical	Respond to of 116753

1800 POG low? Then probably not a whole lot more for the indexes, but at least a retest of these levels when that hits. Below that then it's possible to see more. Today's action was just ugly across the board for the market. With VIX at 40 it's not investable right now. This could be resolved quickly, but with no stimulus, more layoffs and more lockdowns this could just as easily be a mini March/meltdown in Nov/Dec.