GDX could easily move from the 22.90’s into the low 24.00’s.
Today (June 8) is the 4/16 TD top. The next low is due on June 12. A sudden sharp sell-off in equities (likely June 9) and a rally in gold is due into Monday. My best guess now is that we see a move into the 2380/90’s. GDX could easily move from the 22.90’s (forecasted 2 days ago) into the low 24.00’s.
Below are charts of the SPX and GDX.
(Click on image to enlarge)
(Click on image to enlarge)
BluStar Market Timer is offering “one free week trial” to all new subscribers.
Contact us at: http://www.blustarmarkettimer.info/
Disclaimer: The information provided by the BluStar Market Timer is to be used for educational purposes only. We do not recommend the buying or selling of any securities, are not registered investment advisers and do not offer investment advice. Stock market investing is considered risky. Market timers can and do make mistakes. Past performance is never a guarantee of future performance.
Copyright © 2014-2016, BluStar Market Timer. All rights reserved.
Comments
Log in or sign up to join the conversation.