So today we had some gold stock buying at the equivalent of the favored pullback support area noted in this post on April 18th. With all due consideration that there is more support lower, NFTRH subscribers will note that the HUI/Gold ratio’s decline was halted at a key area and well, that does not bode poorly for the sector.
Still, I want to see some follow through before getting too giddy. Grimly, a couple of the bull horns – to whom I swear fate delivered this correction as a lesson in humility and restraint – are doubling down on their touts. They’d better be right this time or their reputations, even among the most naive and gullible out there, could finally be shot.
Anyway, enough droning and belly aching by me. The point of the post is simply to note some (literally) last minute buying today in both GDX…
…and GDXJ on the 2 minute charts, as volume surged and prices popped.
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