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.
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Thursday, December 3, 2015
Gold Miners
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!