GDX: Short term traders should watch for intra-day resistance around the $43.00, and $43.50 levels. Take note, the GDX is still trading below the important daily chart 50, and 200 moving averages, this technical position puts the important ETF in a weak technical position. All of the leading gold mining stocks are holding up very well on an intra-day basis. Most of the daily charts of the gold mining stocks are still very vulnerable to declines after this short term bounce concludes.
This afternoon, almost every major stock market index is trading lower on the session. Traders and investors are experiencing a very rare broad based decline. The one sector that is showing strength today is gold and the gold mining stocks. The SPDR Gold Trust (NYSEARCA:GLD) is actually trading higher by $1.88 to $161.25 a share.
(ARTW, DAKT, CRWE, NG) Stocks in Focus by BestOtc.com
NovaGold Resources Inc. (USA) recently showed an Exceptional Trade - NYSEAMEX:NG
NovaGold Resources Inc. (USA) (NYSEAMEX:NG) is a precious metals company engaged in the exploration and development of mineral properties situated principally in Alaska, the United States of America and British Columbia, Canada. NovaGold Resources Inc witnessed volume of 19.39 million shares during last trade however it holds an average trading capacity of 2.68 million shares.
NovaGold Resources Inc. Traded with an Unusual Volume - NYSEAMEX:NG
(CLNO, EPM, NG, ACU, LGL) Stock under Consideration by CRWEWallStreet.com
(ORFG, GRHU, VHC, NG, SHZ) Featured Stocks by Stock-PR.com
Orofino Gold Corp. (ORFG)
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.