Looking for the Gold (Miner) Rush To Lose Some Luster

The yellow metal has been on a ripper the last month gapping higher following our last several sell signals. Could the third time be the charm?

The profile shows significant volume at many levels below but we're sticking with our system and expressing the 30m Extreme Turn sell using a put debit spread in Aug.

GDXJ AUG21 45/50 put vertical for a 0.89db.

Risk is 60% of the premium. This means we close the position if it trades below . 40
Target is 50% of the max gain. This means we look for a mark of $2 or higher.
Trade active: We remain in the trade though the initial move was against the signal. Gold to new multi-year high in today's session. Spread still within risk parameters of 50% of premium paid.
Trade closed: stop reached: Closing all GDXJ bearish positions (Puts and short calls). Our rules are to cut losers at 50% of premium paid. Another leg higher in Gold in today's session.
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