Wednesday, September 30, 2009

Gold Stocks from Last Night\'s Update

Gold rallied $15 today and gold stocks rallied as well.  Here's the 60 min GDX chart, the ratio stayed on a buy signal all day.  Keep an eye on the uptrend line on the GDX/GLD ratio; I'll of course post it in real time on the Blog/Trading Community during the day.

Also here's the gold stocks that I had in last night's update, yes it was a volatile day, but the golds stocks did well overall and closed up on strong volume.  Many of the gold stocks could have been bought during the day on the pullback for better prices instead of the morning gap up.  Let's see if they follow through tomorrow. 

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