That's the fact Jack. The GC contract had a $5.00 bounce from 1290 to 1295 early in the Friday session sending the miners up enough to get a crossover in the moving averages on the chart. Slow stochastics were violently pulled out of being bearishly embedded to being bullishly embedded in just two trading sessions. Long term expectations is for less Gold demand. Let's treat these ralllies as a reloading opportunity for the short side. Let's get some comments.
Comments
GCEventsmoveGDX
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Ladies and Gentlemen, $731,000,000 million dollars changed hands today between the GDX, NUGT and DUST today. That is not including trades on the miners independent of these or the GDXJ and that is on a Tuesday with relatively flat price action, and not including position traders not on the button today.
My point is this; one of the most liquid and trade able markets there, is and I cannot get you people to comment on my posts. Or maybe you could comment on why you won't comment.
GCEventsmoveGDX
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As non-violent as it may be, the slow Russian invasion into Ukraine territory will be sending Gold prices higher. For how long is hard to tell, but definitely for the next week.
For what it is worth, I do not believe NATO will engage Russia on the field of battle because of Ukraine. Even a Hawk knows not to attack an Eagle in his own territory.
Holding a modest long position overnight may be worth the risk as the GC contract follows the sun. Events will be sending the miners up overnight during this next week.
My point is this; one of the most liquid and trade able markets there, is and I cannot get you people to comment on my posts. Or maybe you could comment on why you won't comment.