Wednesday, June 18, 2014
Sometimes TA works in a weird way
Interesting, isn't it, that $HUI decided to pause exactly at the SMA(50) and SMA(200)?
I'd expect it to continue going up, given this is what GDXJ looks like:
Cos GDXJ has already broken through its own SMAs.
Assuming, of course, that Yellen doesn't tank gold this afternoon (she doesn't have a beard, so that's something) and that there's no opex smackdown in gold next week.