Goooooooooood Morning Goldtent
While you were sleeping
Gold made a Reverse Reversal of the Reversal
GDX and GDXJ down 4% in Pre market
Could have been worse
While you were sleeping
Gold made a Reverse Reversal of the Reversal
GDX and GDXJ down 4% in Pre market
Could have been worse
I have everything here as just a fakeout move, but coming ahead of the real thing.
Market up, PMs down. Both simply warning shots.
Both will reverse … at least giving back/getting back some (retrace) … perhaps to new lows, highs (more than retraces).
But from then for there, we resume what we are seeing today but as trend moves.