GDX/GDXJ Update

Both have filled this morning's gap, my GDXJ calls are up nearly 8% which I find a bit surprising, but I'll take it. This looks to be as good a place as any to start a position in GDXJ or GDX, I prefer GDXJ. Remember, this is a speculative trade and these types of short term leveraged trades will become more speculative by the day, so plan your risk accordingly.

 GDXJ 2 min positive after filling the gap.

GDX 1 min positive with the gap filled.

The Euro strength relative to GDXJ (Dollar weakness) is probably what is behind the positive divergences on the intraday charts forming in this area. You can never really take currencies out of the equation.