GDX, daily
Summary
Little to add from recent posts.
-
So long as the metals keep falling.. the miners are going to slide - regardless of however strong the main equity market is.
Monday 8 September 2014
GDX - miners lose the 200 day MA
With the precious metals being pressured lower by a rising USD, the miners started the week on an especially negative note. The miner ETF of GDX settled -3.3% @ $24.23. The break under the 200dma is very significant, and bodes for much lower levels.
GDX, daily
Summary
Little to add from recent posts.
-
So long as the metals keep falling.. the miners are going to slide - regardless of however strong the main equity market is.
GDX, daily
Summary
Little to add from recent posts.
-
So long as the metals keep falling.. the miners are going to slide - regardless of however strong the main equity market is.
