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Tanlaw

Tanlaw
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  • Does the surge in gold mining stocks mean the bottom is in? Gold futures finish flat after a two-day climb, but the big story in recent sessions hasn't been the physical gold as much as the miners. The mining ETF (GDX +3.9%) is surging nearly 4% today, but that's after a ~20% YTD selloff. Today, miners are broadly higher: RGLD +4.5%, AEM +4.3%, ABX +3.9%, KGC +3.8%, GG +4.1%, NEM +3.3%[View news story]
    you have got to be kidding. reversals are not built in a day. a backtest is not a reversal. let's have a consolidation pattern with an upside breakout. then we have a reversal.
    Mar 7, 2013. 05:31 AM | Likes Like |Link to Comment
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