Time for a miners pullback

2 may 2016

Key level in US dollar here...


GDX: Limited upside until first resistance level.




Longing JDST here without planned stop loss...
Miners are pretty overstretched with JNUG +800% over 4 months.

9 may 2016

Nota

Here goes... This is a multi month train, don't take profit too early :)

10 may 2016

Nota

Took profit. $2.2



Small intra-day scalp, since gold looks to be bouncing any time soon.
Buy JDST again on dips in a few days.

12 may 2016

Nota

Re-entered. 1.74.

19 may 2016

Nota

Yellen is hawkish once again :) Hold this.... its a great winner

24 may 2016

Nota

Testing breakout. 19.5 pre-mkt.

2 jun 2016

Nota

JDST consolidating for a higher price...


Weakness in gold still, within the wedge

2 jun 2016

Nota

GDX: (Consolidating too, but now it is below the support)

7 jun 2016

Nota

Wow. Rekt, that's a 40% drawdown off bad NFP data (38k vs 160k expected).
I'm still seeing topping signs in the gold mining sector, holding off some of the unrealized loss for a bit. Let's see how I can manage this trade with gold pulling back now.

7 jun 2016

Nota

Added 1k long on JDST, at pre-opening. 13.1 each.