Posted by sanrafael on 8th of Apr 2011 at 04:25 pm
I only have a very small position in GDX, I still don't
understand completely how the metal can be at 1474.7 and stay up
there for the whole day while GDX does relatively little...?
Just more volatility in the PM stocks and more strength overall
in the PMs themselves. GLD & SLV only came down to
their 20 MAs on the 15 minute and then bounced back near highs,
whereas GDX & GDXJ moved all the way down to the bottom of
their channels and bounced halfway up. Still a nice move up in all
of them -- I favor the longs but play the corrections too instead
of chasing up.
Posted by sanrafael on 8th of Apr 2011 at 04:39 pm
Yes,
I think you're right. I need to become more nimble in
playing the corrections. Since there is more strength in the
Metals, do you think the miners will gain some of that? Do they
need to get confidence that the metals are for real? It seemed that
everytime there was a slight weakness in the metals, the miners
over-reacted...
I've been long GLD for a long time and don't trade around it,
except to add at support -- did so at the 150 again recently. I
like the stocks for trading because they do trend up and down more.
The GDX system combined with shorter term signals has shown over
time that this is a viable way to approach the PM
stocks. I would just listen to Matt & Steve on
this over time in the newsletters and blog and test things out
with small positions to get comfortable with whatever approach
works best for you.
Is it possible to know
I think this is wave 2
Posted by miller on 8th of Apr 2011 at 02:12 pm
Is it possible to know the net speculative longs on US dollar. A chart which you do on Dollar chart every time?
Breakdown on DX open interest:
Posted by lessarda on 8th of Apr 2011 at 04:01 pm
New data will be out later today, but here's last week's breakdown:
Commercial longs 18686 - Commercial shorts 5031 = Net Commercial 13655
Spec/Fund longs 27421 - Spec/Fund shorts 41334 = Net Non-Commercial -13913
Excellent. Thanks for the commentary
Posted by sanrafael on 8th of Apr 2011 at 04:13 pm
Excellent. Thanks for the commentary today, it helped.
Any time...
Posted by lessarda on 8th of Apr 2011 at 04:23 pm
I hope you sold some into those nice spikes in GDX and VXX.
I only have a very
Posted by sanrafael on 8th of Apr 2011 at 04:25 pm
I only have a very small position in GDX, I still don't understand completely how the metal can be at 1474.7 and stay up there for the whole day while GDX does relatively little...?
i THINK GDX WAS GREAT
Posted by vinaypatel on 8th of Apr 2011 at 04:34 pm
i THINK GDX WAS GREAT LAST 2DAYS
The moves were similar...
Posted by lessarda on 8th of Apr 2011 at 04:33 pm
Just more volatility in the PM stocks and more strength overall in the PMs themselves. GLD & SLV only came down to their 20 MAs on the 15 minute and then bounced back near highs, whereas GDX & GDXJ moved all the way down to the bottom of their channels and bounced halfway up. Still a nice move up in all of them -- I favor the longs but play the corrections too instead of chasing up.
Moves were similar...
Posted by sanrafael on 8th of Apr 2011 at 04:39 pm
Yes,
I think you're right. I need to become more nimble in playing the corrections. Since there is more strength in the Metals, do you think the miners will gain some of that? Do they need to get confidence that the metals are for real? It seemed that everytime there was a slight weakness in the metals, the miners over-reacted...
Too hard to say...
Posted by lessarda on 8th of Apr 2011 at 04:51 pm
I've been long GLD for a long time and don't trade around it, except to add at support -- did so at the 150 again recently. I like the stocks for trading because they do trend up and down more. The GDX system combined with shorter term signals has shown over time that this is a viable way to approach the PM stocks. I would just listen to Matt & Steve on this over time in the newsletters and blog and test things out with small positions to get comfortable with whatever approach works best for you.
GDX
Posted by fixdgear on 8th of Apr 2011 at 04:32 pm
was up $1.41...it did plenty.
sold the
Posted by zach06 on 8th of Apr 2011 at 04:24 pm
Covered the TVIX at the end of the day instead