Short GDX @ $22.57

eganon69 · Mar 31, 2017

Just went SHORT. FIRST Target price $18.52 and SECOND Target price $15. Stop loss $23.72.

eganon69 · Mar 31, 2017

cvds16 · Mar 31, 2017

It's a bull market in gold, you are drawing your lines right but it's about to break out of the channel ...

Robert Morse · Mar 31, 2017

Wow, that is expecting a large drop in Gold. What is your target for the GLD?

eganon69 · Mar 31, 2017

We shall see. I think we will break down once again. I have my reasons and my stop loss in place in case I am wrong.

eganon69 · Mar 31, 2017

Robert Morse said:
Wow, that is expecting a large drop in Gold. What is your target for the GLD?

I am expecting GLD to get to around $108. I think short GDX is a better trade though.

cvds16 · Mar 31, 2017

I think gold will go to 2265 USD ... how's that for a target ;-)

Robert Morse · Mar 31, 2017

cvds16 said:
I think gold will go to 2265 USD ... how's that for a target ;-)

Aggressive for a product with a low volatility.

cvds16 · Mar 31, 2017

not saying it will be there next week ;-)

cvds16 · Mar 31, 2017

and gold is not so low vol at times as far as I can recall