01Apr12:44 pmEST
Battlefield Tactics; Chess Moves
I just sold 1/3 of my earlier NUGT long here at $10.69 from earlier $10.31 entry. I am just taking some quick, partial gains for the sake of discipline in a fast-moving instrument.
As for the overall trade setup, it is still very much intact.
Specifically, the GDX, ETF for the senior gold miners, below on the daily chart, shows a potential higher low relative to the March lows. If this holds, it gives us a good area against which to trade for a long.
Back in the Gold Game; Chess... More Intraday Action; Chess ...