GDX and Gold Rally is Suspect

The volatility on Friday created a technical aberration.  Still, the overall picture hasn’t changed.

It will also be pretty difficult for Gold to overcome the 50 MONTH moving average, on the first try. 

The Complete Coverage Report offers two subscriptions—$9.95/month or $100/year. It is well worth the information received.
www.thecompletecoveragereport.blogspot.com
Darah

GDX Topping

Very good chance the GDX has topped today, or will next week.  Be watching for gap fills on the way down. Also note, this correction should be much bigger.

The Complete Coverage Report offers two subscriptions—$9.95/month or $100/year. It is well worth the information received.
www.thecompletecoveragereport.blogspot.com
Darah