"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, June 25, 2010

GDX - nothing but a gap fill

All the hysterics early in the week and what did we have? A gap fill, which is a good thing. Still, volume is uninspiring and I have selectively added to some individual positions this week. I think I will take a profit on GDX today as it moves back up toward resistance. Edit (a few minutes later): Dohhh, have not yet sold and still thinking about it. Edit (a few minutes after that): See you later GDX. Thanks.