GDX Entering the “Big Empty”
a move to $13.40 may be fast and furious before finding some support possibly.
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Hey Mark,
I’m just looking around for differing perspectives on GDX. I’m flat with no positions, though I was tempted to go short along with many around here in the last week. Here’s why I haven’t, if you or anyone is interested:
http://goldtadise.com/wp-content/uploads/2015/10/image23.png
I have a great deal of respect for the chart work of Parabolic Chuck. I publicly witnessed him make more money in the trading forum contest at rambus than anyone else. Though we have blown through both these lines to the down side now, are we overdue to correct upwards?
http://schrts.co/e84wqU
This is my own fib fan from the Sept. bottom on the 2 hr chart. Notice the uptrend in OBV beginning Aug 26, though I know this indicator often proves itself false depending on the time frame.
http://www.marketoracle.co.uk/Article51556.html
I’m not much of a cult follower but this guy has been dead on for as long as I’ve been paying attention to him(years). He’s no gold bug but called a buy signal in mining shares August 1 and a $USD top in a similar timeframe. Calls for a gold top of $1300 in December, along with the mining shares as far as I can tell.
Thanks again for all the charts, I mean no disrespect, just hoping to present another viewpoint. Especially to the loudest voice on here who has professed his own bearish bias in the past. I’ve been a bear a long time but this time I’m flat, not so sure anymore.
His forecast is for 1350 gold in November ?
That’s gonna be tough
Are you sure he is all there ?
test