17Nov3:28 pmEST

Now We Circle Around

ILbdIzn I went long NUGT on Friday, the triple-long gold miner ETF at $14.15. My stop-loss is below $13.50. On the 30-minute GDX chart, the senior gold miner ETF, below, we looked at $18.70 being a key breakout level. As you can see, we got the breakout, retest, and subsequent push higher. Also note the junior gold miners leading higher today, typical a bullish sign of risk appetite in the complex, even as my silver position comes in a bit. As long as $18.70 holds now on GDX, we are in business and I am looking to add to NUGT. Now we circle around the miners and stalk them like sharks smelling blood... ________________________________________________ GDX

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