GDX 0.00%↑ putting in a nice candle today. The gold miners generally have sucked, and there are plenty of great setups across different sectors, but $26 has been a bounce point in GDX 0.00%↑ for some time, there’s over 3:1 call to put activity today on outsized volume, and gold futures are retesting former highs (below). That’s enough to have my interest.
I currently have a position in GDX 0.00%↑ with a stop at ~$25.75.
