Opinions from a stock market trader.
Disclaimer: The contents in this blog are purely for entertainment and educational purposes only. They are not investment advice. Use them at your own risk.
Recent low made by some of the gold miner stocks could be setting up for a bounce back toward previous pivot high. Here are a few of these mining stocks. GDX:
(click on chart to enlarge)
NEM:
GOLD:
ABX:
GG:
As FOMC meeting approaches along with speculation on the potential rate hike, be prepare for sudden increase in volatility. Always trade with pre-determined stop level and respect your stop!