Today is quite wild with SLV +4%, GLD +1%, but Gold miners generally down and sucking.
I actually remember the same situation happening just before the COVID crash and it seems I can illustrate it with this chart.
It's hard to believe miners can be so weak with Gold so strong above $2000. They have amazing fundamentals here.
But the tape is what it is. I would be very careful here. I am doing so by favoring long dated calls and limited sizing.
I actually remember the same situation happening just before the COVID crash and it seems I can illustrate it with this chart.
It's hard to believe miners can be so weak with Gold so strong above $2000. They have amazing fundamentals here.
But the tape is what it is. I would be very careful here. I am doing so by favoring long dated calls and limited sizing.
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