Adding to the GLD Dec. $126 Call

I'm still of the opinion as of now that this is more of a short term move, as far as the longer term pullback expected and whether we may be near the end of that, it needs more analysis and it would certainly need more time in a reversal process.

I may add to GDX too, but I need to look at that more closely and I'll get to that next.

There are some very fast moving positive divergences in GLD and it is very possible that today is a head fake/shakeout move.

 Gold 1 min futures, the divergence should be clear.

5 min futures, the same

And the 30 min trend, so there's enough support there to support the shorter term signals above.

GLD  1 min

GLD 2 min

I'll be back with GDX.