Goldcorp (GG) suffered in the selloff that hit gold and mining stocks yesterday, but Clive Corcoran will be looking at the long side in coming sessions.
The weekly chart for the Dow Jones Industrials (^DJI) shows that we are entering an area of probable support, but this support zone is not well defined and has quite wide boundaries that will now need to be tested.
The chart formation and heavy volume yesterday on the exchange traded fund, GLD, encourage the view that we may well witness $1000 gold in the not too distant future.
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