gld and miners up general market gonna get whacked that is what i see
fwiw
Posted 13 September 2021 - 09:20 AM
gld and miners up general market gonna get whacked that is what i see
fwiw
Posted 13 September 2021 - 09:29 AM
gld and miners up general market gonna get whacked that is what i see
fwiw
tend to agree, but my Q is if gen mkt declines 20-25% do miners really hold up? at some point I do think we can have gen mkt go sideways and miners rally but my best guess is that if a hard and fast gen mkt decline comes miners will get sucked lower for at least some of that - just my guess at this time. Also, on my 10% long position I now have a slightly profitable stop in place, tough call here still IMO
Senor
Posted 13 September 2021 - 09:47 AM
that is what i am wondering too senor that really is the question here
but gold and the miners appear to have bottomed that is pretty clear
Posted 13 September 2021 - 09:48 AM
also i believe the oils have bottomed
Posted 13 September 2021 - 11:15 AM
Exited remaining position as I am going camping for a few days with no internet access, overall made a few pesos on the trade and with CPI tomorrow and still nothing clear 100% cash feels right for now, as always DYODD
Senor
Posted 14 September 2021 - 09:09 AM
gdx is right on the verge of bottoming i think ha ha big qualifier here but i think it is
Posted 14 September 2021 - 04:54 PM
Avi says:
While the GDX is holding over support by the skin of its teeth, I still have nothing clearly bullish to report. As long as we hold price within the Negative Nelly Box, this is taking shape as a bearish set up. And, if we follow through below support, price can drop quite strongly in wave (iii).
Posted 14 September 2021 - 07:30 PM
Thanks Jabat
Posted 15 September 2021 - 08:08 PM
got back from camping about 2:00 pst, went 15% long in after hrs, nothing decisive I see but looks more bullish than bearish IMO
Senor
Posted 16 September 2021 - 01:08 AM
thinking we see 1750 area then up