Friday, January 10, 2014
And the upshot of the jerbs report?
Gold and the miners are acting like people were positioned for a good jobs report that didn't happen.
Now, just so you know, Google has fucked up blogger so I can't post charts; NoScript is flagging it as a cross-site scripting attempt, and I trust NoScript way more than I trust Google. And I'm not going to fire up Internet Exploder to post, and I already uninstalled Chrome and am never touching it again.
But you can look at the charts yourself and see that GDXJ and GLD are both threatening the SMA(50).
BTO is already moving up from a successful test of support at its own SMA(50).
Those are all good things.