GDX will not be > 20, not by much or by anything at all, come the 3/24 Easter Thursday March opex.
EOM
My ST semi-FF forecast on the GDX
Started by
tria
, Mar 03 2016 12:28 PM
3 replies to this topic
#1
tria
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Posted 03 March 2016 - 12:28 PM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#2
relax
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Posted 03 March 2016 - 12:39 PM
what is your logic based on - gold price, weakness of miners or the strength of spx/market
Cheers
#3
tria
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Posted 03 March 2016 - 01:07 PM
what is your logic based on - gold price, weakness of miners or the strength of spx/market
Cheers
GDX + GLD March opex OI situation mainly plus some other tech + astro stuff.
Imo, both GDX + GLD should be lower come end March or even April.
I can not afford to be wrong and out however, since I am LT Bull, so I am carrying about 1/2 of my max
trading long positions in the PMs.
That is all Relax.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#4
tria
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Posted 03 March 2016 - 01:28 PM
Relax, I addition I am influenced by the GDX:FXE and the GLD:FXE ratio charts.
It looks to me like a bearish rising wedge since early/mid Feb and the ADX is not confirming the new highs.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
