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$GDX, Here Is Your Level

|Includes:Agnico Eagle Mines Limited (AEM), AUY, GDX, NG

GDX: Short term traders should watch for intra-day resistance around the $43.00, and $43.50 levels. Take note, the GDX is still trading below the important daily chart 50, and 200 moving averages, this technical position puts the important ETF in a weak technical position. All of the leading gold mining stocks are holding up very well on an intra-day basis. Most of the daily charts of the gold mining stocks are still very vulnerable to declines after this short term bounce concludes.

Nicholas Santiago

(click to enlarge)Click to enlarge

Stocks: AEM, AUY, NG, GDX