GDX

[Pascal]

We had a buy signal on GDX a few minutes ago.


Pascal

16280

[KevinKT]

ABX missed production and sales expectations, dragging down GDX.

[pdp-brugge]

Pascal,

I am always in doubt for the correct rules...
Will the current buy state of GDX be cancelled if we cross below porosity of 0.17% ?
will that trigger a sell signal?

[Pascal]

GDX will turn to short if we cross below the -0.186% level, which is not far away.
This is mainly due to a reaction to ABX's earnings.


Pascal

16289

[Pascal]

I updated the EV figures of the gold/siver miners.

Interesting to see money moving out of silver, but into silver miners.


Pascal

[KevinKT]

Not sure if you can see this link:
http://tradingchief.com/group-board.php?symbol=@GOLD&name=GOLDBUG&subject=How-to-play-Gold-Stocks&pid=6363

Explains how they move miners and metals in different phases. According to him, they have been moving miners recently while selling metals, which pushed down metals, and thinks metals have reached bottom with POG between 1690-1700.

[pdp-brugge]

Pascal,

The PM MF has gone below the porosity level. The message is still "Bought". What's wrong?

[Pascal]

I do not see anything wrong, but I just returned to the trading desk after a "fact finding" day in Greece.


Pascal