Gold miners are bouncing today due to a weaker US$, but there is almost no money buying the sector.
It might be interesting to increase the short position on a bounce to 22.25 (Resistance level)
We can see that both GG and ABX are weak today in terms of LEV.
Gold itself is hardly attracting money, even though the US$ is under pressure.
Note that XME (materials) acts more positively. So, it is gold miners specific.
Reply With Quote