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June 24, 2011 / Jeb

Are Gold Miners Basing?

Just quoted in Barron’s last week…

“At least one analyst sees a pivot point for gold forming, especially among mining stocks.  Jeb Handwerger, editor of GoldStockTrades, told clients in a note today that GDX is testing key support levels around $52.50 a share. It closed today at $53.06 a share. If the ETF holds, that could pose an attractive entry point for bullish traders, wrote Handwerger.”

Read the full article by clicking here.

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