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Wednesday, April 23, 2014

GDX chart is doing something interesting....

Here, look at this:

Don't see it?

Let me draw a magical line with my magical TA juju-stick:

Looks like $23-$24 is an important area of support, and the chart has just bounced off it.

Interesting that it was at support yesterday when the Vampire Squid issued its buy reccie on gold miners.

I'm finding the chart interesting, but not interested in diddling with it yet.