Beware Of The Falling Knife: GDX Technical Update

Major U.S. equity indexes have managed to hold on to gains thus far in the new year, surprising countless traders who were convinced that the “fiscal cliff” resolution rally would be short-lived. The picture isn’t entirely rosy, however, given the growing probability of a pullback on Wall Street. With no major economic data releases taking place on the homefront this week, investors will turn their focus to corporate earnings, which could serve as a harsh reminder of the sluggish economic recovery at hand [for more market news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Battle Metals vs. Miners: Gold Edition 2012 GDX vs. GDXJ: 2012 In Review Why Peter Schiff Is Embracing The Fiscal Cliff A Deeper Look At Canada’s Commodity Industry Peter Schiff: Gold Can Only Go Higher