The GDX & GLD ETF’s are now sitting at a key technical area as they have both reached areas of strong prior technical support, and the classic pivot point of a 50% pullback of the prior move.
36.50 is a key pivot point for the GDX. And with this mornings negative open, that may be tested. [...]
Tags: Add new tag·GDX·GLD·GLD & GDX Charts·Gold Charts
They just can’t leave CNBC’s Rick Santelli alone, can they?
At today’s Senate Banking Committee hearing, Ben Bernanke answered Senator Evan Bayh’s (D. In.) reference to Rick Santelli’s criticism of this bailout package rewarding bad behavior, with the following parable about “Fire, and saving the neighborhood”…
“If you lived in a closely grouped neighborhood of wood houses… [...]
Tags: Add new tag·Ben Bernanke·Bernanke's response to Santelli·CNBC's Rick Santelli·Santelli rant·Sen. Bob Corker·Sen. Evan Bayh·Senate Banking Committee hearings