the support $34 was broken, do you change your view
myprofitloss
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@lantao517, No. I'm waiting for FED meeting tomorrow
Maybe my view was wrong. But I do not have long positions
lantao517
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GDX is near the support of 60DMA and 200DMA, if it break down to that area things will change dramatically, what a bull trap it was in late August...... seems like last breakout was a invalid and bull trap at all
dollar goes up
10Y T-Note yield up
silver down
platinum down
I already have doubts about the growth of gold, but I continue to monitor
Maybe it was bull trap
lantao517
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@myprofitloss, I also worry about it just like your analysis
Just one more question, if this was a bull trap, where do you expect to Gold to move
myprofitloss
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@lantao517, my strategy says to stay out of the gold market
long term up
short term down
no signal up and no signal down
I'm watching for usdjpy and 10-year t-note
lantao517
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@myprofitloss, Agree, maybe it's better to hedge gold risks through buy financial equities....no other ways, hate this bull trap