Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Gold Fails To Shine 0 comments
    Jan 18, 2012 10:39 AM | about stocks: GLD, GDX, AUY, NEM
    The SPDR Gold Shares (NYSEARCA:GLD) have rallied sharply higher since December 29, 2011 when the highly popular ETF traded as low as $148.27 a share. This morning the GLD is trading lower by 0.67 cents to $159.85 a share. Short term traders can watch for intra-day support around the $159.60, and $159.00 levels. Traders can watch for quick intra-day bounces around these levels. Should the GLD continue to decline below these support areas the next important level for an intra-day bounce will be around the $158.25 area.

    Many of the leading gold mining stocks are also trading flat at the start of the trading session. The Market Vectors Gold Miners ETF (NYSEARCA:GDX) is trading lower by 0.02 cents a share. Traders can watch for intra-day support around the $52.50 area.

    Nicholas Santiago
    InTheMoneyStocks.com


    Stocks: GLD, GDX, AUY, NEM
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.