Wednesday, May 23, 2012
further market comment - goldbugs took a bong hit today
If this can stay til the end of the day, then I will be very hopeful that last week was a bottom. Because by all rational expectation it's not supposed to be doing this, and yet it is. It's above the 20-day mean and RSI is over 50, and that's not happened in recent memory either.
GDXJ still kinda sucks though, as do COPX and SIL.
But I hold out hope.