Tuesday, June 25, 2013

GLD, SLV and Miners (GDX & NUGT)

I covered these yesterday and entered a few positions, as soon as I'm done position this, I'm going to review open positions and almost certainly add to or initiate new longs here.

 GLD 1 min has added quite a bit to the leading positive today

GLD 3 min in good shape despite a little pullback.

GLD 5 min with a larger relative positive divergence at this morning's lows.

 And the 15 min chart making head way.

SLV 1 min adding to yesterday's nice signal through a correction today.

2 min chart flying...

10 min chart is building more

And to have a positive signal on a 30 min chart is always a good thing.

 GDX (Gold miners)  2 min-notice all of the PM's are seeing VERY strong 2 min leading positives today, those should filter or migrate through the longer timeframes.

GDX 30 min leading positive

NUGT is the 3x leveraged long gold miners. 2 min

NUGT 5 min- keep in mind the correction today.

NUGT 30 min, this is one reason I like a NUGT long position, although call options in GDX are nice as well, I think this allows you to ride out the trend better and with 30 min leading positives, it looks like they will see some tradable trend.

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