Friday, December 14, 2007

Trade Alert: GDX

In keeping with Cramer's Golden Rule notice that the GDX that Cramer tried to dump on you notice that the GDX is trading below it's 50 day moving average and above it's 100 dma. If you look a little longer you can see that the 100 dma is acting as support. If the GDX drops under the 100 dma I will short it. Look for the alert.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=iau

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