Saturday, May 31, 2008

Gold Miner's (GDX) Technical Analysis

TA for the GDX shows some interesting developments the past week. May 22nd I posted this 1 year chart of the GDX.

Since then the GDX fell with the POG registering multiple positive divergences, and some interesting Fibonacci retracements make a case for an intermediate term low having already passed.

J

No comments: