Had put the trading account in ‘Neutral’ last evening at the close, expecting some sort of pullback since volume in the miners was not impressive. Dumped most of the JDST first thing this morning, and added more JNUG, looking ahead to the next few days. What I am keeping an eye on, the two things I will base my trading on:
1.) See if the volume in miners show some excitement with todays jump in gold
2.) I fully expect the Cabal to defend the Gold 1250 marker with vigor. If they fail to beat gold down significantly below 1250 by days end, then I think we have ‘Lift Off’.
Another day, another dollar, and maybe a happy surprise.