1:07 pm PST. I am just watching gold right now. UUP closed at 26.34 which is below the 1,000,000 share print and that is typically bearish for the dollar. Here is my count for Agnico Eagle Mines which has the same count as GDX and the other major miners. It could still go up to new highs this week.

11:04 am PST. GLD is now negatively diverging. I closed out PAAS +.15. I think the dollar could rally to one more high, which would also give the miners the opportunity to backtest their breakout trendlines. That would be healthy pullback.

8:10 a.m. About 1 million shares of UUP block traded just a moment ago at 26.35. It could be bullish.

7:31 am. stopped out FCX -.18

5:47 am PST. X up slightly this pre-market morning.

I was just noticing how much volume JNUG had the first week of this year, suggesting this move up is the real deal and impulsive. As January goes, so goes the rest of the year? – Stock Trader’s Almanac.

China looks really bullish. I wonder if it started a new bull market last year. FXI could go to 38.40 to complete the cup, then handle it before going much higher. On the weekly chart it looks like it already completed the handle. Hmmm.

DE reached my $106 target. Six-percent in one month. Pretty good. It could go to $108-9 before consolidating again.

Rallies end on negative divergence. Negative divergence abounds from all time frames. If the dollar rallies to one more high that is going to be the ultimate sell the dollar and buy gold.

PAAS is still my favorite stock in the mining sector. The chart is so bullish.

ABX is above the neckline.

NEM above the neckline and looking to backtest.

X looks interesting. I would not be surprised if it went up to $40 next week and then to $42. There was a high volume test bar at the close on Friday and a Gartley 222 from December. I might buy X if it pops up on Monday.