I started buying end of last week and today. Several analysts see gold cycle turning down into mid June. I have no clue, and prefer to build up gradually my long positions as several miners want to bottom I have the impression. Once GDX above 23.5 we will have a break-out, based on momentum.
Plenty of days like this in PMs lately. Overhead resistance is preventing any excitement.
Big move coming in the miners as bollinger bands getting tight. I am short but not confident. GDXJ getting a bit stronger here.
I started buying end of last week and today. Several analysts see gold cycle turning down into mid June. I have no clue, and prefer to build up gradually my long positions as several miners want to bottom I have the impression. Once GDX above 23.5 we will have a break-out, based on momentum.