16Mar1:39 pmEST
While the Dollar Lounges Around Today...
Far be it from me to call a top to the impressive U.S. Dollar bull run since last summer. However, with the pause today in the greenback I am stalking a quick long scalp in the gold miners.
Specifically, the GDX, ETF for senior gold miners, might be good for a quick long over $18.20, then $18.30.
Still, miners have much to prove, and I would be reticent to swing overnight without profit cushion. So, consider this a day-trading idea, as per the 30-minute GDX chart below outlining the triangle setup.