Are both seeing clear intraday negative divergences, this may be a gap fill as mentioned earlier, but I also made my reservations known short term, the longer term core GDX or NUGT positions will remain in place, but I expected we might see some weakness in GLD and or GDX, it seems GDX is seeing that weakness starting up in inrtraday 3C charts very clearly.
Is interest rates about to start going up?
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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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