Thursday, August 22, 2013

Gold Miners: GDX / NUGT / DUST

This was an earlier update of GLD and SLV, they look very similar to GDX.

GDX is Gold Miners, NUGT is 3x long Gold miners and DUST is 3x short Gold miners.

 These are the important charts like in GLD and SLV updates, GDX with initial accumulation sending it higher in to distribution

NUGT has a similar chart, the recent negative divergence is what is important as it matches GDX'x.

DUST should look the opposite for confirmation.

DUST with a small negative taking it lower in to a large leading positive divergence.

I still have the GDX puts open and intend to keep them open.

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