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Re: None

Tuesday, 05/23/2017 12:39:31 PM

Tuesday, May 23, 2017 12:39:31 PM

Post# of 46661
Bears sure are working hard here. GDX first hit upper resistance out of the gate this morning...and then it has fallen straight through EMA 4, EMA 8, EMA 13, EMA 20 AND SMA 50 with little issue. I'll save judgment until end of the day, but unless it closes down here...as much as this looks like a bull trap...I think it will be a bear trap.

Gold has just wiped out 3 days of steady hourly gains in 3 hours. Something fishy here. All JMO.