Thursday, June 9, 2011

Gold still range bound below $1550 but remains well supported

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2 comments:

  1. MarkJune 9, 2011 at 12:17 PM

    GDX/GLD ratio hit all time 2011 lows yesterday, now attempting to climb out of the hole. Ratio Traders will be emboldened to keep piling on this trade over and over. Until it stops working.

    And what's up with Palladium? Strong as an ox.

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  2. The DocJune 11, 2011 at 11:35 AM

    It looks like the cartel is throwing everything at gold trying to cap it at $1550 to paint that chart into a head and shoulders top pattern. Your thoughts Dan?

    http://www.silverdoctors.com/

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