Midday Update: All That Glitters is Gold
Perhaps this is why?
— Chris Kimble (@KimbleCharting) Mar. 20 at 09:46 AM
Now that the recent FOMC events are in the rearview mirror, are traders refocusing their attention on geopolitical unrest that really never went away? Or is the gold miners index at a major technical inflection point that indicates a resumption of the 3-year down trend?
The political angle:
— Mark Mahoney (@Avida_Capital_Group) Mar. 20 at 09:41 AM
Conflicting technical analysis angles:
$GDX seems to have support in this area, so far the lower bb is holding with the 50 and 200dma just below
— Icarus (@Icarus) Mar. 20 at 07:40 AM
— David Blair (@crosshairtrader) Mar. 20 at 05:33 AM
The fundamental angle:
— Jimmy jones (@Herbandskills) Mar. 20 at 06:17 AM
In other news, First Solar $FSLR continues to build on yesterday’s breakout, gaining 5% today at the time of this writing.
— boyplunger (@Ibuyjunk) Mar. 20 at 09:33 AM
~ Sean McLaughlin (@chicagosean)
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