GDX Trendline Failure

By -

Today has been very good to me so far.

I am short 10,000 of GLD. I would be safer talking about my religious beliefs than my bearish position on gold. You would not believe the loony-toons emails I get from precious metals nuts whenever I short silver, gold, and the like.

I would also note that GDX has broken its long-standing trendline; adios wedge.

1026-gdx

Back to Beatles Rockband.