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Monday, February 10, 2014

URA &Gldx

Gldx
URA pull backed and tested the I-Cloud area and the 200 sma on the  chart. It closed Friday above the 100 sma. I bought some shares,placing a Sell Stop just below the low.
Click to enlarge  

Gldx looks to have formed a Head & shoulders pattern. You can also find the Pattern in other PM's such as  AG. Will probably take positions on break outs. Also Silver looks to have formed an rectangle Bottom but only after it Breaks out upward. I'm waiting until then because it very well Could  break downwards.


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