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$27.52? I see it on yahoo finance plainly and clear. Someone pushed several mil of shares just before the close. Not me for sure.merryme wrote:Is that a pbar on GDX on Aug 1st at 3:57? It even shows on the 1min chart on stockcharts.
There were about 400,000 or so shares bought starting around 15:56 for 2 minutes that go up to 27.52$. Either a fund or trader who wanted the shares but didn't care all that much what the cost was so it was sent out as market, I assume.merryme wrote:Is that a pbar on GDX on Aug 1st at 3:57? It even shows on the 1min chart on stockcharts.
Good question jademan, not presently AFAIK, however recent corrections have been capped by a VIX level of 22. If this level is exceeded I would look for a larger correction possibly to the 200 SMA.jademann wrote:Royal, thanks for chart. Is there anyway of telling if this correction will be worse than the others?
Royal Flush wrote:Thanks flrtrader ES or SPX?
I went short gold a couple weeks ago and am still short. There is a large inverse head and shoulders on GLD but a far more MASSIVE contracting triangle that I believe will break DOWN to NEW lows. There IS a valid reason for the bid up in the USD - Russia. Here is my view:jack black wrote:OMG! the rydex strong dollar positions just came in from sentimentrader and they spiked to the levels not seen since end of May 2012. This was a great tradable low for gold miners, even though initially it was a frustrating trade (I was stopped a few times before it stuck).
Disclamer: it could be a confirmation bias as I just went long gold miners today.
However, at the same time, SPX had it's first leg down, to later rebound some and have a second leg down. I'm thinking this could happen again.
Edit: the lowest ever (since 1999) COT small speculators in euro point to the same conclusions. This looks exactly like the end of May 2012 scenario or even better because we have the massive inverted H&S in gold that we didn't have in 2012 bottom.