A few days ago, based on some long-term ratio charts, I fell back in love with gold. As a short-term trade, I am long GDX July 2 calls. My belief is that we have a good chance of pushing back toward this price gap with gold……..
……..and, thus, with precious metal miners, which is sporting a similar gap:
On an obliquely-related note, my surprising bullishness on crypto in yesterday’s premium post, Shhh. Don’t Tell Anybody, the crypto space is having a big positive move. I think it’s just another counter-trend bounce, but it certainly makes sense for the moment.
