Gold Gap Approaching

Published 03/25/2014, 01:29 AM

I haven’t been trading gold or miners for a couple of weeks, but I’ve been watching it tumble recently, with interest. My opinion is that miners are getting near a couple of strong areas of support, and I suspect the Market Vectors Gold Miners ETF (ARCA:GDX) will put the brakes on at about $24.

GDX Daily

As for gold, it’s a tougher call; it seems to have a lot further to go – perhaps around $123 on the SPDR Gold Trust ETF (ARCA:GLD).

GLD Daily

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