Loading ...Just Closed Short Positions – GDX
Looking at the GDX 15-min chart it looks like a set up for a pop following the Fed minutes today possibly. We have bullish divergences and a falling wedge and GDX is showing some relative strength today vs gold. I will look to re-enter my DUST and JDST after the pop and hitting some resistance/bearish structure. Had to lock those good profits now that are 6 weeks old….not looking to be a pig.
http://schrts.co/0DHg3Q
Good update. “pigs get slaughtered” 🙂
I’m trying to restrain myself from putting on a small countertrend trade to capture the GDX “pop” I’m anticipating at this point. It’s exactly the kind of trade I’m trying not to make these days but it’s so tempting….ha.
“Nothing ventured, nothing gained”…I am going to do it just for the excitement…You only live once!
I put on a very small NUGT long position at 8.91.
You Guys are the life of the Party
Beer money…now back to the regularly scheduled program…
Yep….nailed the top rail and now I’m out. Beer is on me tonight 😉