Current GDX level is major resistance, looking at weekly GDX charts and trendlines (depending how you draw your lines of course), we need far high gold prices to move GDX!
I believe GDX is leading and already expecting a correction in gold, this is normal behavior as the metal itself, and especially silver are always the LAST to move.
Over the past weeks and especially over the past 2 days as I’ve been readjusting the portfolio I’ve noticed lots of (how do I put it?) odd behavior in individual stocks. I don’t like to mention individual names (talking my book etc etc etc) but things like a
–a counterintuitive move on a pretty liquid small cap in the past hour
–extreme difficulty buying a certain little known stock even at bid prices too high, then brief too-low prices after good news, a flurry of trades, now no trades
–limited # of bids asks cited today on a previously fairly liquid exploreco that has been rising on good volume even as others are going down
–at least as much of the usual quoted trades on the OTC without my bids/asks getting hit
Not too long ago the quoted gold price was up over $10. I checked some stock and ETF prices. HGU was actually down at that time. Perhaps the gold price had backed off by then (a few minutes later. However, though not entirely certain, I remember seeing earlier in the morning HGU up over 7% w/o gold being up $10.
Fun & games on Friday after US employment news.
I’ll believe it after it happens and after it sticks and extends and stays. A peek above this or that line will do little for me personally.
Current GDX level is major resistance, looking at weekly GDX charts and trendlines (depending how you draw your lines of course), we need far high gold prices to move GDX!
I believe GDX is leading and already expecting a correction in gold, this is normal behavior as the metal itself, and especially silver are always the LAST to move.
Over the past weeks and especially over the past 2 days as I’ve been readjusting the portfolio I’ve noticed lots of (how do I put it?) odd behavior in individual stocks. I don’t like to mention individual names (talking my book etc etc etc) but things like a
–a counterintuitive move on a pretty liquid small cap in the past hour
–extreme difficulty buying a certain little known stock even at bid prices too high, then brief too-low prices after good news, a flurry of trades, now no trades
–limited # of bids asks cited today on a previously fairly liquid exploreco that has been rising on good volume even as others are going down
–at least as much of the usual quoted trades on the OTC without my bids/asks getting hit
just looks a little off
I don’t know.
–some of what looked otherwise odd
Yes I agree crazy stuff happening all the time, Mr. Market? or some deep pocketed fund traders thing to miss lead?
should read trying to miss lead… hate this spell check!
Not too long ago the quoted gold price was up over $10. I checked some stock and ETF prices. HGU was actually down at that time. Perhaps the gold price had backed off by then (a few minutes later. However, though not entirely certain, I remember seeing earlier in the morning HGU up over 7% w/o gold being up $10.
Fun & games on Friday after US employment news.
I’ll believe it after it happens and after it sticks and extends and stays. A peek above this or that line will do little for me personally.