Gold Is Trying To Rally

GLD-Prices opened at the 10-day EMA and are trying to rally. Dropping back below the opening price would be a negative indication.

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SLV- Silver didn’t drop to the 10-day EMA this morning, but one could use yesterdays low as a stop.

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GDX- Price is attempting to bounce off the 10-day EMA. Closing below it would be a negative development. If prices drop back below the morning’s low ($24.60), a more meaningful correction is likely developing.

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GDXJ- Juniors touched the 10-day and are trying to bounce. Dropping back below $40.26 (today’s low) would be a negative development.

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