Thursday, June 12, 2014

Miners

Don't forget about these guys.

All technical lenses are looking gorgeous. (Daily/Weekly/Monthly)

I had to leave my recent platform, so the charts will look a bit different going forward.

Let's just talk levels for a minute here, I wrote about 23.07 on GDX being a major tipping point and I thought we'd go straight down to December lows if that broke. Well when it broke, we dipped to 21.93. So any orders to to go short made a quick dollar when that broke. We are back over 23.07 and technically speaking, things are looking quite nice.

Baring another smash down in the metals themselves, we are a GO to buy the dips.

Other indicators I use from time to time are also giving buy signals; so hold on to your pants here and stay alert and don't forget about the miners. "Use the volatility, don't let the volatility use you", A quote from Rick Rule that I've taken very seriously in this sector during this past year+.






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