Friday, 11 March 2016

2pm update - metals and miners cooling

With the broader US capital market in a rather bullish mood to end the week, the precious metals and related mining stocks have resumed cooling. Gold -$11, with the miner ETF of GDX -1.3% around $20.00. 

GLD, daily2

GDX, daily2


Its a little hard to envision a retrace completing to the target zone by next Wednesday afternoon, but regardless... that remains the basic target.

Meanwhile...  notable hysteria in SDRL

.. although well below last Friday's high.

back at 3pm