Mining Indications

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The biggest options position of my life is all about XME (the metals & mining ETF). This beast moves slowly, so my puts are way, way out in January and March of next freakin’ year. But here are a couple of sets of indicators with recent history:

Long-term, you can see the broad cycles, and you can also take note of how plodding this instrument can be most of the time.

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