6:08. Re-entered JNUG 1/2 position from 6.76.

6:00 am. GDX is again pushing right up against the 21 sma which is now at 21.18. That 21 sma is a brick wall! It might take the Fed to finally help move above it. This is the fourth attempt here.

Gold and bonds have been selling off right into this Fed meeting on the rumor that there will be a rate hike. Once the news comes out, both bonds and gold might pop higher on a short squeeze.

/GC has support at 1160 and resistance at 1166. We are right in between now.