The dollar

10:42 am. Stopped out the remainder +.28. Will look to short GDX at the close today or at the open tomorrow. I think this is a wave 4 retrace for the dollar. GLD negatively diverging as is GDX. GDX is not making a new high while gold is.

10:19 am PST. Scaled out another 1/4 +.44 on JNUG.

10:07 am. I jumped back in on JNUG. Scaled out 1/2 +.29.

9:55 am PST. UUP looks like it is going to $26. Support at 26.22, then 26.10, then 26. I am bullish on the miners until then.

screen-shot-2017-01-11-at-9-54-47-am

Leave a comment