Did You See What Happened in GOLD Today?

Yea not much going on here, sorta boring, as gold continues to trade within a tight range.

But at least GOLD went up today!

But WOW check out silver! Uhhmmmm, kinda the same old tight range stuff.

Seriously though the miner's did see some downside action, which may be very telling in the near future.

The miners, GDX, had a gap down yesterday, posted an outside bar down today, the stochastic is pointing down, closed around yesterday's LOW and below the 18 day moving average.

It means that if the bears take control next week the first target is the lower Bollinger band at $40.10 per share in GDX.

And if that is taken out then the next level of support is way down at the 100 day moving average!

Somewhere around $38.05 per share in GDX!

Okay no need to get testy, I mean, I need to add a little EXCITEMENT of pure SPECULATION to spice up a rather dull market that continues to trade sideways in an ever tightening range.

CAUTION remains the word of the day, as the real trick is to be patient and let the market tell you which way it will break from this tight range.

Peace out and stack on!