Trouble in gold market?

Something a foot, gold continues to climb but junior mining stocks (gdxj) are dropping but large cap miners (gdx) have gradually climbed. We have a disconnect. In addition to the apparent divergence RSI hit 74. I sold 1/10 my UGLD position to lock in some this 10% profit on this trade. 

Bonds continue work as hedge I’m long TMF up about 8%, chart looks good stay the course. 

Oil is up but oil stocks have divergenced. Similar to gold and the miners. 


Junior miners 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s