- GDX has struggled to reach the 50ma, like it did in previous cycles, where it was rejected.
- GDX , GDXJ , Silver , all have not supported gold's .
- A stop run to the upside is possible, but is IMO unlikely at this timing.
Buying GDXS, a 2x short, at 15.77, stop 15.00. About a 0.5% risk.