Dude!!! Only Irish in me is that Jameson I had at Montreal's 194th St-Patty's day parade earlier today! French, Indian and German..... quite a mix.
Contract expiry is March 29. Should be a long daily candle that day followed by a drop or at least sideways move next couple of days after that. Expecting NG to rise this week with this upcoming inventory injection in Thursday.
Yes I follow the gold boards. But gold and it's derivatives aren't as predictable as natgas. Sentiment is stronger than fundamentals.
I think i'll be able to get GDX 27 by April fools/mid April but might sell before if NatGas starts acting up. I'm a little heavy on gold assets and equities at the moment, sold most when NUGT hit 12 a couple of weeks back and bought JNUG/NUGT/junior minors on the recent drop... might be tempted to short oil as well.... expecting a small bounce there followed by a drop to 43-42....
As far as longer GDX, once we break that $23.50 area we'll
quickly jump to 26-27 then correct a bit than jump to the 30's. GDXJ'll go even higher, silver corrected much more than gold and it's this silver in GDXJ that'll propel it towards 50 before summer. At one point a couple of weeks ago JNUG was just a little behind NUGT... like 30 cents or so....
But, having a loose cannon at the presidency makes predicting anything hard these days.
Alright.. back to the rays...and the bottle.
All the best!
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