Our gold mining model just went to a buy for mutual funds at the PM NAV today. I see GDX going from the current 20.35 to above 24 by late Friday.
The stock market model is looking for 952 by late Friday. Currently we have briefly dipped below 870. We are long the RYDEX AM NAV and PM switchers can now go long today. We are long SPX 893 on the ETF's and nearer to 883 on the RYDEX AM model.
We use Elliott Wave, cycles as well as technical, and sentiment in order to determine the direction of the Stock Market and Gold Mining Share Market. Trades verified by Timer Trac and trade the close each day. Gold trades track Profunds/RYDEX/XAU mining shares and not bullion. Weekend blog is for the longer term outlook and review of the week. Please support the Welcome Home International Foundation (below) and help yourself by getting your own My Power Mall. Please pass this blog on to others.
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