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TFC Commodity Trading Forum

Re: Gold Stock ETF:GDX/ Haligonian *PIC*

Ahh yes indeed, I did watch it! I was looking out for the same things as yourself and actually scooped up a bit of gold stock (HGU) two minutes before the close too! Great Canuck minds think alike I guess eh, lol. And thanks for reminding me about POP. I think I'm due for a refresher on his work soon. I recall the impact his stuff first had on me so many years ago...must have been around 2000 or so me thinks. Unfortunately, I can't profess to having always adhered to his 'wisdom' over the years, lol, to my financial detriment no doubt, but I do tend to move in stages as he recommends, and will do the same here with the Gold stock group as (if) it moves higher and proves itself.

As for GDX, from a candlestick perspective, it has great potential to produce a 'hammer' by tomorrow's close. Anywhere between today's close and $53 would do the trick. That would lay the foundation for a very powerful reversal pattern on the weekly chart, but would require a positive close at the end of the first week of January to confirm. So that gives us 5 sessions to see how it unfolds...into NEXT year!...where the heck did the LAST year go anyway, lol!?