We're Talking Dating, Not Marriage Material

After selling half of my NUGT (triple-levered bullish gold miner ETF) long into strength yesterday inside Market Chess Subscription Services at $10.14 from a $9.50, I closed out the rest of my position earlier today to lock in the rest of the win at $9.81. 

As much as I would like to press the miners for a home run win, the reality is that they remain mired in a bear market and for dating purposes only, not marriage. 

Case in point: GG, the largest miner in the GDX (straight-up ETF for senior miners), is down hard today, seen below. 

In recent weeks, members have played both the short and long side of the miners, as we are sticking to a tactical, disciplined approach in lieu of becoming dogmatic. To be sure, it has served us well, considering the swings in the complex and even other markets, such as natural gas. Going forward, trading both sides of the metals and miners remains a distinct possibility, depending on how they digest the bevy of news and headlines this week and over the weekend.