Pascal
04-15-2016, 11:40 AM
Gold miners are bouncing today due to a weaker US$, but there is almost no money buying the sector.
It might be interesting to increase the short position on a bounce to 22.25 (Resistance level)
35588
We can see that both GG and ABX are weak today in terms of LEV.
3558935593
Gold itself is hardly attracting money, even though the US$ is under pressure.
3559035591
Note that XME (materials) acts more positively. So, it is gold miners specific.
35592
It might be interesting to increase the short position on a bounce to 22.25 (Resistance level)
35588
We can see that both GG and ABX are weak today in terms of LEV.
3558935593
Gold itself is hardly attracting money, even though the US$ is under pressure.
3559035591
Note that XME (materials) acts more positively. So, it is gold miners specific.
35592