RE:MOC today
There is very strong support at the $2.70-2.75 level. That was my original prediction from last week.
I will be acquiring a small position at $2.50 - $2.75. But realistically miners will probably trade sideways until the next Fed meeting. Gold needs to get back in 1200-1225 range to maintain a bull run or it risks falling all the way down to 1060.