3 Attachment(s)
Gold Miners from a Midas perspective
I thought it might be fun to look at Gold Miners from a Midas perspective around the time of Mike's trade (Jan 10th.) Please ignore the dates, I'm using Yahoo weekly data and Yahoo uses the next Monday for the weekly.
First up is GLD
[ATTACH=CONFIG]22102[/ATTACH]
As you can see, it's still a bit away from break the downtrend.
Next up is GDX
[ATTACH]22101[/ATTACH]
GDX is setting up to break through the downtrend.
Finally is AEM
[ATTACH]22100[/ATTACH]
AEM formed a base, bounced off the support curve and convincingly broken through the downtrend.
As today's updated charts show, a great trade. Thanks for sharing Mike!