Thursday, November 13, 2008
Trade Alert: GDX WFC XME
With 65 in short covering coming in capitulation could be near. Right now we want to watch the banks and the mining companies as a otherwise are the ones who have gotten hammered and are now loathed and despised by all investors. Since GDX has returned to under 20 as it was supposed to We will be looking at it. There is another mining ETF the XME, for the financials we can look at Wells Fargo and Goldman Sachs.