Monday, March 14, 2016

Mar 14 - GDX showing negative divergence short term, equities slight pullback

A positive development for my GDX/ GLD short is the relative weakness in miners relative to gold.  The intermediate term trendline and RSI levels are being touched but not broken yet.  A definitive break could bring us to a decent pullback.

Equities while showing some negative divergence, don't look worth playing in either direction at the moment.

Commercials heavily short now in silver





 Very promising negative divergence in GLD on RSI and MACD. Target would be a 1/3 pullback.  After that the uptrend may resume.


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