Miners’ Margin Monday?

The gold mining sector is entering capitulation mode

Buffett buys a gold stock! and the touts trumpet the exact highs.

Buffett pukes a gold stock! and said gold stock continues downward.

I thought about buying some of these today but my upper HUI target zone only today got hit, there is a lower target yawning and well, the margin man may cometh. Doesn’t he come out on Mondays after Friday bloody Fridays?

Anyway, patience. I would consider it a gift from the market godz if there is massive volume puke on Monday. In NFTRH 644 we’ll plot some levels on the miners that I am interested in (along with broader stock opportunities as usual). One of which in a low priority way is Buffett’s former gold stock here.


For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.