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ITMS

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ITMS

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Tuesday, 03/27/2012 4:03:29 PM

Tuesday, March 27, 2012 4:03:29 PM

Post# of 784
Gold Mining Stocks Continue To Sink


The leading gold mining stocks have been declining lower since February 29, 2011. At that time, the Market Vectors Gold Miners ETF (NYSEARCA:GDX) was trading as high as $57.91 a share. This afternoon, the popular GDX is trading lower by 0.73 cents to $49.90 a share. This leading gold mining ETF is now trading below the important 50, and 200 moving averages. This current chart formation puts the GDX in a weak technical chart position. Short term traders can watch for intra-day support around the $49.70, and $49.40 levels. ...Continue reading here: http://bit.ly/GVWsb1
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