~*~Mining and Metals Du Jour~*~

[123tom]

Phat, Ive made some errors too. I believe the worst mistake I made was not selling half of everything in spring 2011 when I could have netted 100 k in profits.

My most recent mistake was trying to buy miners in the October 6 pivot low, that happened when Gold hit 1180. I thought miners looked ripe to bounce, so I tried to get in , and this is what happened to me...... my back is still sore

so this guy,Jeb Handwerger, who Ive read before, he's not a bad analyst... thinks GDXJ has bottomed, or will retest in december for a double bottom.

Lets look at GDXJ for a second....

http://stockcharts.com/c-sc/sc?s=GDXJ&p=W&yr=1&mn=0&dy=0&i=p07373485581&r=1416641653294

http://stockcharts.com/c-sc/sc?s=GDXJ&p=D&yr=0&mn=6&dy=0&i=p37586176929&r=1416641791338

http://stockcharts.com/c-sc/sc?s=GDXJ&p=D&yr=0&mn=3&dy=0&i=p73982591021&r=1416641974634


I think the next pullback will be very critical to hold at support , and its too soon to forecast future wave pattern until we see what the pullback does in coming days.