11:31 I bought JDST instead of shorting NEM. 3x. At 37.07, scaled out half 37.48 for +.41. Closed out the remainder for about break-even.

11:09 covered for +.01 NEM. I think I will wait until the close. Perhaps the new lows will happen tomorrow.

10:42 re-shorted NEM at 32.97. It might break down here, or it might do one more small retrace up to the 33.20 area by about 2:30 pm EST before going down again. In a partial short position just in case we go up again and then will add on the rest there.

10:28 re-sold NEM at 33.04. Stopped 33.08 -$.04.

10:23 exited JDST at 36.76 for +$.43. Will hold onto my GDX puts. I might re-enter yet again JDST. Or re-short NEM.

9:57 Re-bought JDST 36.33. I may be a little early, but eventually the junior miners will continue to make another new low today.

9:48 Bought JDST for 36.48, going to hold for new lows. And GDX lotto puts expiring next week. Stopped JDST 36.30, -$.18. Will look to re-enter.

9:34 Covered the rest on NEM at 32.90 for +$.58. Great trading! Will look to re-enter towards the close. Perhaps around 11:30 PST, 2:30 EST.

9:26 Bought GDX at 20.70 and sold for 20.74. Sold just out of the money calls on GDX going out two weeks for .59 each. I also exited QQQ and LQD near the open this morning.

8:47 Scaled out another 1/4 at 33.08. Will hold the rest for target $29 or break even.

8:37. Shorted NEM from 33.42 and just covered half at 33.16. I might re-establish a full position on another bounce after the lunch hour, or if we continue to sell into the close. I like how I am trading this.

8:20 am PST. First downside target for NEM is $33.01. If we close below the21 sma Day today, look out below to $29.

7:23 am PST.   It looks like I will probably short Newmont mining on a bounce today and swing it into the Fed meeting next week if the gap down remains open. The rumor is that they are going to raise rates so sell gold and bonds. When they do, we will probably see yet another shortable bounce after the fed. Sell the rumor, buy the news this time. Or buy DUST on the rumor and sell the news. 🙂

GDX is now squarely under the 21, 8, and 4 moving averages. If we close below the 4 and the 8, that is going to be so bearish. My downside target for GDX is around $19.