As gold holds curiously firm, stocks drop and yields and USD spike in the wake of the big payrolls number it is time to be watching the gold stocks to answer the question of whether the correction has ended, a sizable bounce is starting or failure is imminent. My hunch? GDX takes out the March low and bounces. But if that plays out I’ll wait for future macro and technical confirmation. This brief video explains the technical side.
NFTRH+; Video Update on GDX (daily chart)
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These video updates are awesome!! Keep ‘em coming Gary!
Will do, Tom!
Lovin’ the videos. Thanks as always.
Sure thing, Anony