Thursday, 19 June 2014

1pm update - strong gains for the metals and miners

US indexes are slightly lower, cooling from a new sp'500 high of 1959. A further small up wave looks highly probable into quad-opex, which will offer a powerful weekly close in the 1960s. Metals remain strong - with clean breaks on the daily, Gold +$38, with miner ETF, GDX +4.9%


sp'60min



GLD, daily


Summary

Suffice to say.... well done to those long the metals/miners. Looks to be some considerable further upside.
--


1.33pm.. stopped out of CHK (long)... another waste of time.

1.45pm.. picked up a secondary WFM block.. from 40.44.