Price Structure Peaking for Gold Mining Stocks
Commodities / Gold & Silver Stocks Jan 25, 2008 - 08:29 PM GMTBy: Mike_Paulenoff
My pattern, momentum and cycle work on the Market Vectors Gold ETF (AMEX: GDX) suggest strongly that the price structure is peaking and could roll over at just about any time in the upcoming two weeks. This is also due to my perception that the underlying fundamentals have turned less friendly towards the miners, gold "consumption," inflation, and the overall bull market in equities.
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By Mike Paulenoff
Mike Paulenoff is author of the MPTrader.com (www.mptrader.com) , a real-time diary of Mike Paulenoff's trading ideas and technical chart analysis of Exchange Traded Funds (ETFs) that track equity indices, metals, energy commodities, currencies, Treasuries, and other markets. It is for traders with a 3-30 day time horizon, who use the service for guidance on both specific trades as well as general market direction
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