Monday, 10 November 2014

3pm update - the real action remains in the miners

Whilst equities continue to see micro chop.. there remains significant action in the Gold/Silver miners. The ETF of GDX has lost most of the Friday 'dumb bounce' gains, -6.3%.. set for the 15/14s... along with Gold -$1130.


GDX, daily


Summary

Quiet start to the week... not much to say than that.
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Metals continue to slide.. Gold -$23 (-2.0%).. which is a fairly sig' move on any basis. All those getting overly excited that last Friday was a key turn...

Well, they'll no doubt still be calling a floor this evening... and tomorrow.. etc
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back at the close