Friday, April 13, 2012

Possible Capitulation for The Little Guys?

Houston — From the Chart Book. As Vultures (Got Gold Report Subscribers) already know, because they have 24/7 access to all of our forty-something technical charts for gold, silver, mining shares big and small, our Vulture Bargain small resource related companies, etc., we reentered the Market Vectors Junior Gold Miners Index ETF (GDXJ) from the long side on April 10.

Just below is just one of the factors that led to our decision to attempt a reentry then.

GDXJ Volume Candle Chart, 30-days, 1-hour trading and volume bars weighted by volume. The wider the trading bar and volume indicator the more volume and vice versa.

Naturally, as is our habit with all of our short-term trading positions, we have put in an appropriate new-trade trading stop, which we disclose and update in a dialog box in the GDXJ trading chart, which is also available to Vultures on the GGR Subscriber pages.

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