Monday, November 11, 2013

GLD/GDX making good progress today

These are both open long December call positions and I like what I see.

It's not east to move a 60 min 3C chart in a single day, there has to be some strong activity, but there's good movement in both.

 GDX, what I'm most interested in is the leading positive divergence today alone.

And GLD, again the leading positive divegrence of the last day or two alone is quite significant.

I'm glad I added GLD calls Friday and will keep the GDX calls in place as well.

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