Friday, June 1, 2012

Gold stocks and GDX Mechanical System

GDX - Chart Link - here's a follow up to my GDX swing system post from below.  Clearly the system is doing quite well, the system trade is now up 12%!! Also the profits are protected with the stop now being moved up to 44.73.

Gold metal had a big reversal today after the very weak jobs numbers were posted as there is hopes for QE and countries having to inflate themselves out of this financial mess. Obviously gold stocks are benefiting and we started focusing on them in early May.

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