So the Fed held rates steady which caused the price of Gold to surge.
That caused the Gold miners (GDX) to really surge.
This looks like a nice entry back into the miners after pulling back for 6 weeks.
Hey, last chance to get in on ChartCon 2016. We kick it off Friday morning! There is some software you will need to join into the discussions so register now. Don't leave it until Friday morning!
I have some presentation surprises in store for ChartCon 2016 and I am sure you will get a couple of nuggets from every presentation.
Lastly, there will not be any webinars until Wednesday next week!
Good trading,
Greg Schnell, CMT, MFTA.
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
Learn More
