-- Published: Wednesday, 11 January 2017 | Print | Disqus
Subscribers are long 400 shares from 22.61, stop 22.01, based on a real-time guidance for a ‘mechanical’ entry that was posted to chat room Scoreboard at 11:21 a.m. GDX, an ETF proxy for the gold mining sector, is having trouble getting airborne, but if the buying should catch fire, it has the potential to reach 24.58 (see inset) over the near term. For now, I’d suggest entering an order to sell half the position at p=23.30, the pattern’s ‘midpoint Hidden Pivot’ resistance. The order should be held o-c-o with a 22.01 stop-loss on the whole position. You should also offer another 100 shares at 24.58 g-t-c. If the order fills, we’d be left with 25% of the original position — or 100 shares, based on the original order. If you don’t subscribe, you can still get instant, free access to the chat room, The Scoreboard and all of Rick's daily 'touts' by clicking here for a no-risk, two-week trial subscription.
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com,
is strictly prohibited. In no event shall GoldSeek.com or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.