Gold 663 in Asia 1a est.

Been a long day... Just learned that a new ETF symbol GDX a fund of miners fund opened for trading today. There will be options available. and it mirrors the AMEX $GDX index.

The latest ABC had a target of 676.2 while Tueday's high reached 674.50, just $1.70 below the target. Should we call it 'target reached'? giving some flexibility I'd say so. Interestingly enough 674.5 is an exact kiss of the lows on the 7th and 15th.

This is an hourly chart captured at the close today. The Bollengerbands are 50 unit with a 50 MA, the trendlines are off the highs and lows.

Here's a link to Jack Chan's public pages on Stock Charts. Jack always has a good read.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID530404&cmd=show[s43761805]&disp=O

Enjoy, and please feel free to post some comments or send me some feedback on this work.

Thanks again to Rick and the gang in our daily conference room. Later I'll post some of our better conversations.
JC.