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.
Is interest rates about to start going up?
-
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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