Short GDX @ $22.57

Just went SHORT. FIRST Target price $18.52 and SECOND Target price $15. Stop loss $23.72.

 

It's a bull market in gold, you are drawing your lines right but it's about to break out of the channel ...

 

Wow, that is expecting a large drop in Gold. What is your target for the GLD?

 

We shall see. I think we will break down once again. I have my reasons and my stop loss in place in case I am wrong.

 

I am expecting GLD to get to around $108. I think short GDX is a better trade though.

 

I think gold will go to 2265 USD ... how's that for a target ;-)

 

Aggressive for a product with a low volatility.

 

not saying it will be there next week ;-)

 

and gold is not so low vol at times as far as I can recall