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Message: Gold Stocks - bottoming (this time I mean it, lol)
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On the hourly chart of GDX we have all the pieces in place - MACD buy with positive divergences, and at long last, the downtrend line break. No such signals on the daily (yet), but with the RSI below 30 (extreme oversold condition - very similar to a year ago), and a positive turn on the hourly, it looks good for a nice bounce here.

Re: Gold Stocks - bottoming (this time I mean it, lol)

crazy canuck
Jan 26, 2011 12:36PM
Icon president Re: Gold Stocks - bottoming (this time I mean it, lol)

Klaus
Jan 26, 2011 12:53PM
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