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Alias Born | 05/09/2013 |
Wednesday, April 27, 2016 5:21:58 PM
I'm more focused on re-entry soon of GASX & RUSS, because I'm tired of trying to time a Gold miner short (JDST), but it appears $Gold looking a little tired as it sits in a trading range.
However i'm becoming more interested in JDST again based on what I'm seeing.
I also happen to think $USD short term near a bottom area, so that helps support the idea that $Gold may be finally ready for a correction given the fact $Gold sitting in tight trading range, and I personally don't see a catalyst for a while that will make $Gold break out after today's FOMC meeting is now over with, all-while we're entering a Spring phase that seasonally has a tendency to be bad for $Gold (but doesn't mean with certainty that Seasonal issue applies to $Gold this time; which has yet to be determined).
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