Tuesday, May 19, 2015

GDX and system comments

GDX and system comments

Nice pullback today in the metals, however not surprising, GDX basically reversed at the 200 day MA and the upper channel, and as you know we kept hinting to watch the GDX/GLD ratio and it had started to trend day late last week.

The BPGDM Renko system off to a good start, the trade is up 3.6% in one day, but again as I alluded to earlier, the average signal lasts over 60 days, a lot can happen in that time, so even if you followed that chart don't be afraid to lock in some profits on your own if you see a reason to via the charts

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