$nugt $dust $gdx $gdxj $jnug $jdst $gdxj
Potential for more pain for miners before a powerful run up
Potential for more pain for miners before a powerful run up
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daily perspective shows a bullish move out of downtrend.. Now, I'm waiting patiently for confirmation on that lower trend of broadening pattern:
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almost on the trendline. I expect some trickery/break below honestly:
I'm looking at taking some calls in GDX - might hedge/hold puts if it breaks
I'm looking at taking some calls in GDX - might hedge/hold puts if it breaks
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looks really good in my opinion
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aggressive looking bull divergence down there on 4hr
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today has been a very good day. Waited and waited - adding gdx calls in this 'noise'. I believe this is the beginning of a much bigger move. I'll consider adding in any drop lower or test of trend (if it makes it back down!)
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miners, incredible. Very bullish. I do suspect a cool down before another VERY VERY bullish move going into dec-january. I'm waiting to see if it can pull back down and test the breakout level:
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hoping for gold/miners to cool down for a short bit before a large leg up. It's still a good buy in my opinion but I'm expecting some type of pullback
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I've never seen such a run in miners. I took profit way early.. had no idea. I added puts the last week, miners down 5% as I'm writing this. I am actually really wanting a large correction for the next 5-8 weeks. Seems dangerous to short miners but I did really well on it and I may just hold a few puts until correction is over. I'll be looking for another long opportunity because I think something bigger is coming. I don't know if this was 'the top' in miners/gold but it certainly could be the start of a larger correction:
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carefully adding a few puts here.. small position for possible continued correction lower before much larger bull run. I think it's possible we could have much more downside before the larger leg up.. technical correction: