GDX

Comparing the Bounce off the 2009 Bottom with the Bounce off the 2016 Bottom

At first glance they are similar…But on closer scrutiny they couldn’t be more different

gdx111

I doubt whether many traders made any money hanging on during the 2009 V Bounce !!!

But those who got in early (January ) and have held till Now have had an easy ride !

Pretty much strait up compared to 2009 where we had 5 short sharp crashes in a very short time.

Consider yourself very fortunate if you have caught most of this move.

I doubt this can continue however …buckle up !

Good Luck..Bulls and Bears alike…and especially Good luck Traders…you are going to need it if we see anything

like 2009 .

PS ..and look what happened after that initial 8 month move…the volatility got even worse

Yikes