I am surprised by the strength of the gold stocks really. My GDX trade end up in 8% profits but the stupid thing is that on exchange rates i gave back nearly 4%!
However, we see an inverted hammer from friday’s close. RSI looks overbought. we will hope that it retreats back to the 39 dollars region which will be a good entry point for me.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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