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The Terrorist Attacks In Europe Are Having A Bullish Affect On Gold And Gold Stocks
By Tim Ord | June 6, 2017

• SPX Monitoring purposes; Sold long SPX 5/23/17 at 2398.42 = +1.76%; Long SPX 5/17/17 at 2357.03.
• Monitoring purposes Gold: Covered 6/6/17 at 23.78=loss 2.5%; Short GDX on 5/22/17 at 23.20.
• Long Term Trend monitor purposes: Neutral.



The terrorist attacks in Europe are having a bullish affect on gold and gold stocks. There are still negative divergence present as the GDX/GLD ratio did not confirm today’s rally in GDX and yesterday’s closes in Advance/Decline % and Up down Volume % (second and third window up from bottom) did not show a bullish divergence and predict today’s strong rally in GDX. Never the less a strong rally was present. GLD (Bottom window) is testing the April high which is a resistance area. Covered GDX short on 6/6/17 at 23.80 for minor loss of 2.6%. Short GDX on 5/22/17 at 23.20.

http://www.talkmarkets.com/content/us-markets/the-terrorist-attacks-in-europe-are-having-a-bullish-affect-on-gold-and-gold-stocks?post=137800

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