IMO $1307 is what to watch for gold. Everyone already assumes gold is in a new bull cycle and I would probably agree. However, until it goes and actually makes a NEW higher high on the long trend then I am not completely convinced yet. January 2015's $1307 needs to be broken. Once that happens then the doubt should be removed.
In the meantime GDX and GDXJ are extremely overbought yet again. Gold is also overbought but not nearly as much as GDX and GDXJ.
I had a very good two days with UVXY DRIP TZA and have nice profits. I went ahead and bought a nice chunk of JDST at 1.83 this morning. We'll see what happens.
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