Gold Stock ETF:GDX/At Resistance *PIC*

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Trouble Ticket Forum Policy

Return to Index

TFC Commodity Trading Forum

The major Gold Stock ETF:GDX is bumping up against its 11 month downtrendline. This is also price resistance at $48. No breakout yet of either and much of today's price action is short covering due to expectations of a selloff today if no QE from Bernanke. Price needs to clear this $48 price resistance and the downtrendline AND hold above this price point to mean much of anything. No cigar yet......................Seasonals are historically very bullish Sept through early October.

Trouble Ticket Forum Policy

Return to Index