NUGT & JNUG breaking down.
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it's about time, was patiently waiting for the retracement to buy. Will start buying closer to 1280.
mean reversion filter is telling me long GLD and short DUST. I would feel much better with a little more shaking out. One of my support line failed today so more downside is expected(retracement).
FYI..Monthly is still a buy.
Thats interesting JP .... i was long GLD and short GDX ... as well as long SLV and short SIL ... exited both positions yesterday and today for some decent profits .... they have moved alot lately ....
Could anyone explain the correlation between gold and the S&P 500? I offer this crude comparison. Is there a piece of the puzzle that I am missing?
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correlation between SPY and GLD is -0.44
four 5,087 posts msg #130561 - Ignore four modified
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