About the Miners Short
why I sold GDX short yesterday
As big a fan as I am of gold and silver, this chart of $XAU - the gold miners index - caught my eye. The tinted portions indicate major points of resistance, measured over many years, and it was compelling enough for me to short GDX.
Looking closely at GDX, we can see at the moment a bearish engulfing pattern. I've tightened up my stop to yesterday's hig…
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