On 3/20 and 3/21 I posted on the strong likelihood of a bounce brewing in GLD as well as the miners, GDX and GDXJ. There is a long term issue with GLD which may not be so bullish, the ideas posted last week for the miners and GLD for a bounce trade were along the lines of a "Swing Trade" and if the market gives more, then we'll take it.
Here's GLD and the miners this a.m. responding to Bernie's speech.
GLD +.98%
GDX +1.29%
GDXJ +2.39%
While I'm not saying this trade is over by any means, I'll be keeping a close eye on all of them as they originally looked like shorter term bounces in the 3.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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