RE: Stage Analysis Beginners Questions-KL
Hi,
I was hoping you could comment on KL in terms of what you would watch for now in terms of an entry. It is pulling back close to its 10 sma on the weekly. It will be interesting to see if it reaches its 10 sma and if it does whether it holds. Most are assuming FOMC news will cause miners and gold/silver to run higher so maybe it does not even reach the 10 sma.Â
So many miners are 50+% from the weekly 10 sma I would hope they pull back but if most folks are correct in assuming FOMC news will cause miners to rocket higher I guess they will just become more extended.
Thanks,
Brian