Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
138 Followers
3 Following
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 Miners Try To Claw Out Of A Hole 0 comments
    Mar 15, 2012 10:19 AM | about stocks: GDX, AUY, GOLD, RGLD
    The leading gold mining stocks have plummeted lower since since February 29, 2012. At that time, the highly traded Market Vectors Gold Miners ETF (NYSEARCA:GDX) was trading around the $58.00 level. Yesterday, the GDX traded below the $50.00 area which is a sharp decline in such a short period of time. This morning, the GDX is trading higher by 0.22 cents to $50.34 a share. Short term traders can watch for intra-day resistance around the $50.50, and $51.00 levels. The daily chart is short term oversold, however, it is still in a very weak technical position.

    Other leading gold mining stocks that are trading higher include Goldcorp Inc (NYSE:GG), and Yamana Gold Inc (NYSE:AUY). Some leading gold miners that are weak today include Randgold Resources Ltd (NASDAQ:GOLD), and Royal Gold Inc (NYSE:RGLD). All of these leading stocks are very oversold in the near term.

    Nicholas Santiago
    InTheMoneyStocks.com

    Stocks: GDX, AUY, GOLD, RGLD
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.

Full index of posts »
Latest Followers

StockTalks

  • Weak US Dollar, easy money = GOLD Higher $GLD
    Feb 21, 2012
  • For technical traders, yesterday was a buying opportunity. For the other 99%...http://bit.ly/qmvOpq
    Aug 11, 2011
  • April gold finished higher by $12.90 to close at $1,414 an ounce.
    Feb 23, 2011
More »

Latest Comments


Most Commented
Posts by Themes
stocks, $EWH $FXI $EWJ, 10 year, 200 moving average, 2012, AAPL, ADP , ADP Employment, ADP Private Jobs Report, ADR, agriculture, Agriculture, ainvesting, airlines, AKS, AMZN, Apple, ARUN, ASCA, Asia, AT T, Auto, Automotive, AXP, bailout, banks, Banks, Bernanke, BIDU, Blackberry, BLK, bonds, bounce, broadcom, BYD, case shiller 20 city index, CAT, China, china, citrix systems, CLF, coal, Coffee, commodities, commodity, construction, copper, Cotton, cotton, CPI,
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.