Loading ...That chart is not to scale, or the dates at the bottom have to be shifted 6 months to the left until the dead low is at late ’15 early ’16 and the higher low late ’16 early ’17. FYI below, info from Jack Chan from 6/6/17.
Tue 8:10pm EST
Greetings,
Gold stock ETFs broke out of the sideways action of the past three weeks on heavy volume, resulting in some new set ups.
GDX – buy at 23.80, stop at 22.47.
GDXJ – buy at 34.04, stop at 31.45.
XGD.to – buy at 13.68, stop at 12.86.
Stops are suggested for traders with a short term horizon. Investors use no stops.
I will allocate 10% to GDX with no stop at market open tomorrow, and upon the confirmation of an up cycle, will add more to positions. If my limit order is filled tomorrow, I will be 30% invested in the gold sector for the long term.