The Mid-Day Minute
Huge Upside Potential for Gold Miners ETF off of Base
Wed, Apr 1 2009, 06:12 GMT
by Mike Paulenoff
MPTrader.com | View company's profile
Vote:

3

0
Truth be told, I am not the only one who sees the huge base pattern and the upside potential off of the Market Vector Gold Miners ETF (AMEX: GDX) base. So what will differentiate who gets the benefit of the forthcoming upmove that realizes the potential of the pattern? Three things: 1) longs that can hang in there amidst volatility and false starts between 38.20 and 35.00; 2) longs that will hang in there even if the overall equity market has another bout of downside corrective weakness; 3) longs that hang in there even if gold prices lag (or even decline). Am I one of those people that can hang in there? Right now, I hope so because the "reward" could be an enormous upmove in the gold miners from a 9-month base pattern.

Published on
Wed, Apr 1 2009, 06:14 GMT
Archive
- New Upleg for Gold?
Published On Fri, Mar 19 2010, 05:51 GMT
- Morgan Stanley Towards Test of Key Resistance
Published On Thu, Mar 18 2010, 05:32 GMT
- New Upleg Expected for Walgreen Co.
Published On Wed, Mar 17 2010, 06:52 GMT
- VIX Higher
Published On Tue, Mar 16 2010, 05:54 GMT
- VIX Relative Strength Warning for SPX
Published On Mon, Mar 15 2010, 05:36 GMT
[ View All ]
Legal disclaimer and risk disclosure
In using any portion of MPTrader, you agree to the Terms and Conditions governing the use of the service as described in this disclaimer. Our disclaimers, policies and terms are subject to change without notice.
MPTrader (www.mptrader.com) is published by AdviceTrade, Inc. and MJP Market Strategies, Inc., both of whom are publishers. The Web site is maintained by Codexia, LLC and has a marketing affiliation with The Technical Trader. None of these firms or individuals is registered as a broker-dealer or investment adviser either with the U.S. Securities and Exchange Commission or with any state securities authority.
Mr. Paulenoff's commentaries and index analysis represent his own opinions and should not be relied upon for purposes of effecting securities transactions or other investing strategies, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. You should not interpret Mr. Paulenoff's opinions as constituting investment advice. Trades mentioned on the site are hypothetical, not actual, positions and Mr. Paulenoff and employees of AdviceTrade do not have personal positions in instruments mentioned on the site.
Hypothetical performance results do not include trading commissions and other execution costs that would be incurred if the trades referenced in the diary or elsewhere on the site were actual trades. Past performance is no guarantee of future results.
MJP Market Strategies, AdviceTrade, and Codexia cannot and do not assess, verify or guarantee the suitability or profitability of any particular investment. The risk of loss in trading index futures can be substantial. You should therefore carefully consider whether such trading is suitablef or you in light of your financial condition. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. As an express condition of using this service and anytime after ending the service, you agree not to hold any employees of MJP Market Strategies, AdviceTrade, or Codexia or the companies themselves liable for trading losses, lost profits or other damages resulting from your use of information in MPTrader in any form (Web-based, email-based, or downloadable software), and you agree to indemnify and hold MJP Market Strategies, AdviceTrade, and Codexia and their employees harmless from and against any and all claims, losses, liabilities, costs, and expenses (including but not limited to attorneys' fees) arising from your violation of this agreement. This paragraph is not intended to limit rights available to you or to us that may be available under the federal securities laws.
Vote:

3

0
Related reports
Continued Economic Recovery, Low Inflation by Wells Fargo Investments, LLC
Fri, Mar 19 2010, 19:58 GMT
USD higher, Greek debt worries, India hikes rates by Easy Forex
Fri, Mar 19 2010, 18:04 GMT
EUR/USD: No time for reversal yet by FXstreet.com Independent Analyst Team
Fri, Mar 19 2010, 15:27 GMT
Stock Traders focusing on Quadruple Witching by ForexHound.com
Fri, Mar 19 2010, 14:36 GMT
Discount rate discussions keeping floor under bonds by Interactive Brokers LLC
Fri, Mar 19 2010, 14:29 GMT
eurusd, eurjpy, chfjpy, gbpusd, usdchf, stocks, gbpjpy, usdjpy
[ View All ]
Related content
Forex: EUR/USD ends week below 1.3550, first time in 10-months
FXstreet.com | Fri, Mar 19 2010, 20:31 GMT
Forex: Cable fell sharply on Friday
FXstreet.com | Fri, Mar 19 2010, 19:19 GMT
Forex: USD/JPY pulls back to 90.35
FXstreet.com | Fri, Mar 19 2010, 18:42 GMT
Indices: FTSE closes with loses, correction
FXstreet.com | Fri, Mar 19 2010, 16:39 GMT
Forex: EUR/USD finds support at 1.3500
FXstreet.com | Fri, Mar 19 2010, 16:24 GMT
eurusd, eurjpy, chfjpy, gbpusd, usdchf, stocks, gbpjpy, usdjpy
[ View All ]
The Samurai Trader » EURUSD - looking to hit the 261.8% level
Fri, Mar 19 2010, 12:16 GMT
The Samurai Trader » EURJPY - Still a bearish bias
Fri, Mar 19 2010, 12:16 GMT
Trading for a living » Good oportunities at the European opening
Fri, Mar 19 2010, 12:15 GMT
The Advisor Weblog » Best pair to trade now:EUR/JPY
Fri, Mar 19 2010, 12:11 GMT
The FX Trader’s Link » EURUSD and GBPUSD fall. EURCHF continues probe lower as NY enters
Fri, Mar 19 2010, 12:09 GMT
eurusd, eurjpy, chfjpy, gbpusd, usdchf, stocks, gbpjpy, usdjpy
[ View All ]
Pound correction Wed 17 March ? - Forex Forum - FXstreet.com
Sat, Mar 20 2010, 09:50 GMT
EUR/USD Daily Chart Rally Is Over!! Weekly Chart Only Retracment!! - Forex Forum - FXstreet.com
Sun, Mar 14 2010, 19:24 GMT
Usdjpy - Forex Forum - FXstreet.com
Thu, Mar 11 2010, 18:44 GMT
Eurusd - Forex Forum - FXstreet.com
Mon, Mar 8 2010, 10:21 GMT
My Trade plan for review - Forex Forum - FXstreet.com
Thu, Mar 4 2010, 07:58 GMT
eurusd, eurjpy, chfjpy, gbpusd, usdchf, stocks, gbpjpy, usdjpy
[ View All ]
Outlook for the major currencies this week
Ian Copsey | Tue, Sep 30 2008, 08:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Tue, Sep 30 2008, 11:00 GMT 
The Weather Report: Ichimoku Cloud Trading
Chris Capre | Tue, Sep 30 2008, 14:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Wed, Oct 1 2008, 09:00 GMT
Weekly Webinar: 1st on Forex - The Week Ahead
Jerry Furst | Mon, Oct 6 2008, 16:00 GMT
eurusd, eurjpy, chfjpy, gbpusd, usdchf, stocks, gbpjpy, usdjpy
[ View All ]