[Long] Miners waking up

2019年12月11日

In the wake of today's FOMC, Gold did NOT get slammed down. That's pretty bullish.

GDX has been relatively strong to Gold and its technical picture is shaping up VERY bullishly.

- Break of downtrend line(s)
- Backtest of such lines
- Strong pop off the 50ma

Fundamentally, Gold is extremely bullish. Central banks can't stop won't stop printing.

2019年12月21日

註釋

GDX has pulled back 70 cents this week. It's still above the 50 day MA.

As one of the most manipulated markets, it -could- see a slam down because commercial traders are still heavily short Gold futures. Any further weakness is a strong buy (although it does suck for January dated options).

Risk management is KEY. For any goldbugs, remember there are other markets to trade or invest in as well. IF a shakeout occurs they will aggressively test how strong long hands are.