Market Update, Forecast, and Outlook: GDX -- Gold Miners
Posted on the 16 July 2013 by Souljester @souljester618
The bottom call on GDX which was made on June 20 has held. We now have a higher weekly high and it looks like the bottom is in. I have my stop in the original position, but will likely be moving it up to the recent low once we take out the high. Link to June 20 GDX Long Call.
As long as my Entry level posted on the chart below is not breached (break even stopish), the bottom is in for a while at least. Here is the updated chart: