UUP, USDU
UUP and USDU are the two stateside ETFs for bucky.
As of this week (pending Fri), they are now both on IT buy signals.
There have been countertrend buys since the Dec highs.
But these are the first trend buys since Nov.
Probably not a coincidence but they are finding support at their 200dma’s.
JPY is still the tourguide for the PMs, but its most likely they both cue off $.
My direct work on GDX suggests (no stronger than that) that we are near end of 1 of C wave down.
Deadcat soon back to a backtest line as abc (not necessarily geometric for you tologists)
Then 3 of C down. Helmets on, seatbelts fastened, head between legs.
My 2c.
agree… a two or three week bounce soon – then the final flush
I am with you man