There is a correction on place. This is another scenario. GDXJ could fall minimum 42, and not lower than 38 range.
I´m comparing it to what happened last year.
I´m comparing it to what happened last year.
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Still believe we´ll correct from these levels.....Sweating a bit. The rebound from the moving averages was on the table, but has been stronger than i thought. Anyway, that´s who things go...nobody knows the future. Still holding short positions with JDST since last Wednesday. I expect a top today-tomorrow, although gold is pushing hard. Other indexes (XAU, HUI) are not reaching previous top with a higher gold price, which is bearish on my opinion.
Good Luck
Good Luck
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Still holding my short position. Hurts a bit....But that's part of the game. I expect it will begin to drop tomorrow.