Wednesday, December 10, 2014

GDX just peeked above the SMA(50)

GDX is peeking over the wall to see if all is clear:

And GLD is saying it's okay to come out:

On the one hand it's nice to see GLD sticking fast to its +2SD line, but then again a +2SD advance might be too good to be true and GDX might get its head shot off in a reversal.

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