Clearly a sell on the news event as GDX is underperforming GLD, what is normal behavior at top of a gold cycle. As long as it is only a daily cycle top, then more upside possible the next 2 months.
Mag negative today, clearly sell on the news! Roth Capital downgraded CDE to Sell, although I do not follow brokers and this is mostly a contrarian indicator, I have to admit that silver miners like HL and CDE are rather expensive.
Clearly a sell on the news event as GDX is underperforming GLD, what is normal behavior at top of a gold cycle. As long as it is only a daily cycle top, then more upside possible the next 2 months.
Mag negative today, clearly sell on the news! Roth Capital downgraded CDE to Sell, although I do not follow brokers and this is mostly a contrarian indicator, I have to admit that silver miners like HL and CDE are rather expensive.
Just another play from the playbook. Hit the shares to dampen the excitement for PM’s.