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.

Buying the SPY from the low of 2016 and holding through to the high of yesterday would have netted about about a 25% gain. Selling the VXX from the 2016 low to yesterday’s high would have netted an 82% gain in the same time. 20-20 is hindsight, but it is interesting for me to see how much faster the VXX declines against the SPY rallying. Buying VXX calls or selling VXX puts is interesting. Just learning about this.

Article on VIX contango and backwardation and how it works: https://sixfigureinvesting.com/2016/09/the-cost-of-contango-its-not-the-daily-roll/

Cameron Osborne’s talk. https://www.youtube.com/watch?v=adjLOuu10ms&feature=youtu.be