darth.stocks

PM Miners : Neutral till FED Decision

XAU+HUI  
XAU+HUI  
4
Working hard to refine my periodicity modelling, but seems to predict reasonably top's and bottom's. We have the special case that tomorrow's cycle bottom coincides with FED meeting, so depending on USDJPY short time movement it is reasonable to go neutral till Wed. evening or Thursday. The range of movement of GDX is rather limited. We should expect a 20.50 to 24 range... It is still a forex play! With USDJPY moving back to 120 Range, GDX should go back to 15-18.
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