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Mid-Day Minute for Fri May 16th 2008 RSS

Fri May 16th 2008
Gold and GDX on the Move
by Mike Paulenoff, www.MPTrader.comGold and GDX on the Move
By Mike Paulenoff, www.MPTrader.com

Gold prices and the Market Vectors Gold Miners ETF (AMEX: GDX) are higher this session in sympathy with the surge in energy prices. As of this moment, the price structure has broken above its prior rally peak at 46.68 on 5/09 as well as its March-May down trendline, which triggers upside follow-through to 48.00/30 next.

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