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I will post this chart. Though I like the price action in gold             this is the only thing I don't like now.
It is affecting our DUST, JDST             trades. The miners doesn't want to fall. GDX             is just dancing on the upper trendline instead of breaking into it.
The volume is decreasing so it means to me there are less and less new buyers from day to day but the shareholders are not selling their shares.

I just want to warn you that this sector should be watched carefully. Someone posted a few days ago that miners are stretched too much above the 200 SMA . So it won't rally that much with gold             . This is very true.
Also it seems doesn't want to fall too much maybe just sideway consolidating. If gold             is falling more and GDX             is not moving just going sideways WE HAVE TO GET RID OF OUR DUST AND JDST             EVEN WITH LOSS.
Comment: Dont touch your DUST and JDST position today.
Comment: Gold will fall tomorrow also, so there will be no problem wit hDUST and JDST. I just wanted to sign that we have to be very careful. If GDX is not falling with gold, and DUST is not flying- something is wrong and we dont want get trapped in the wrong position.
It's just a possibilty but we have to be ready for this also.
Comment: I would have liked to see GDX going back into the channel today. It didn't happen. It's not a tragedy.
MAybe we open with a huge gap down at 23.50 tomorrow and everything is cool. Maybe big players are selling their shares to the big guys. They dont want to sell in panic.
They postpone the panic by tomorrow....
Comment: ××× corrceted : Maybe big players are selling their shares to the small guys today.
Comment: GDX and GDXJ is having a fake move on low volume.
I think they will slam it tomorrow before the Brexit vote. And big players might be positioning in miner longs at the panic tomorrow or on Friday.
Gold also looks wants to break down to 1240 tonight or early tomorrow.
JDST performing much better than anticipated in the early hours with gold soaring overnight, but having pulled back. Potentially, the price movement is simply filling the gap, but would have expected a -30% crush (as it was doing in pre-market). Otherwise, the lack of strength / selling over the last few days may have cushioned today's blow and turn into a decent setup once gold settles out from the Brexit mania!
Hello Arpi,

For all of us that followed the initial short idea at 1240 and are currently stuck with DUST or JDST...

Would you recommend to keep it until tomorrow or take the loss today?

Gold is currently at around 1261. JDST should be at least at 13 dollars, but its currently at 10.90 - GDX and GDXJ are either being manipulated and all the retail traders are going long and the banks are shorting it and they will drop the bomb tomorrow.... or there is something shady really going on that might spike them tomorrow.. leaving all of us shorts with nothing in our banks.

Thanks again for all your help!
Means down GDX and NUGT
trying to understand your comment----------------------GDX and GDXJ you think they will get slammed what do you mean taking long positions in miners?
gold sells off and big players buy miners? just trying to understand and thanks
GDX after hours volume: 12,650,129 and counting. Price around $25.38.
pbartashevich pbartashevich
Yeap supposed to be under 1mln shares as in pre-market. I checked other mining stocks pre and after hours volumes and they have much smaller and comparable. If I got it right after hours is mostly traded by financial institutions. Looks like the institution that bought all that 12mln volume last 30 minutes sold it off quietly in after-hours before 5pm.
It has happened to GDX a few times already. At the end of day (last hour of trading) there is a break out of volume. What kind of movement does this mean? Institution manipulation?
Yes! Happened again today...15 million GDX shares just moved.
pbartashevich Richmand808
Last hour is last hour last chance to place your bet for tomorrow, nothing more. Yesterday last hour volume was bigger than that. Same before yesterday. The whole move wasn't supported by gold & silver & DXY, so smells fishy.
GDX is obviously now manipulated. They don't want gold to go up. Period.
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