Miners Bounce Play

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I’ve bought GDX this morning. It’s not like it’s some amazing bullish setup, but it does look ripe for a modest bounce. To be clear, this is on a tight stop – 21.92 – so I’ll be out of this thing like a shot if it keeps pooing on itself. (UPDATE: this is a very flimsy position, so you might want to just kind of watch and wait……….gold continues to get trashed!)

0530-GDX

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