Friday, October 31, 2014

Gold and Miners already started next leg down

Just a quick update.Gold and miners (GDX) didn't manage to move sideways this week.In fact GDX had yesterday a huge drop.Gold and GDX probably started next leg down (there is also MACD confirmation for both charts). As we said last week (Gold and Miners update 24-10-14) Gold is now moving towards 1000$ and GDX towards 15$