:) As mentioned, GDX was last at this level at $800. Gold now up over $20 over $1240.
major disconnect. Do homework. Pull up chart. In for a trade, Risking $1 for $10. IMO just betting on oversold as guys blown out. IMO
Seriously. GDX disconnected currently...I would guess due to someone getting blown out that has been long all year from the $40s. That aside, GDX at a 5 year low when GLD was in the $80s and gold was $800s...GDX can go back to August high of $31+ with Gold not moving much just on oversold. IMO
Took a shot $20.60s. To me, seems like forced selling. Figure $1 down, $10 up risk/return. IMO
Beyond oversold. $1 down, $10 up risk/return in my mind. IMO
just a trade. Figure $1 down, $10+ up.
as far as opportunity. IMHO
All thoughts welcomed. IMO