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We had a 1 day slam down in GDX & GDXJ on Monday, followed by a small, rather insignificant day on Tuesday. Wednesday actually saw a sell off and an intra-day change to a strong reversal. Now the question on many peoples mind is...
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Did we just have a 1 day slam down, reversal , and now we go higher like we saw in 2003? Or will there be further selling?
Read MoreAfter seeing the disconnect in Gold, Silver, and The Miners , I started digging in to see what I could find. It seems that the more that I dig, the more that I am finding. We'll discuss my findings after we review the other market sectors.
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SPX - We are due to drop into a dcl soon. The last one was very mild inside of a consolidation period and now we have a right translated daily cycle here, so I expect that we will see another higher high after our dcl.
Read MoreThe Weekend report covers the general markets and Natgas , etc just fine, so todays report has to focus mostly on the action in Gold , Silver, and Miners. Let's get right to it...
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