Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

8/1/2012 11:07:31 PM

1 Recommendation Read Replies (1) of 44687

All of that is true... and if gold performs, I find it very likely that GDX would follow... or take the lead. If GDX could rally to 46 or higher before the August 17th equity OPEX, then maybe it could hold its daily BB midpoint on the following decline. IMO that could launch a sustainable longer term rally with an excellent, well-defined entry point in the vicinity of GDX 43.

All of that will be a good trick to accomplish... kind of like pouring tea into a cup from a teapot held above your head.