In the big picture, I am bullish Gold Miners for the next couple of months.
I am bearish equities for the next few months. I expect 1000-1100 on the SP 500.
Here is one important divergence:
http://tinyurl.com/cfnlcsu
Having said this, I am not going to stay short equities very much longer. I will cash out of my short sooner rather than later and wait for a bounce to short.
Also, when the market really falls, then I don't think Gold miners will survive.
I will be watching for this as $GDX nears old highs.
I am bearish equities for the next few months. I expect 1000-1100 on the SP 500.
Here is one important divergence:
http://tinyurl.com/cfnlcsu
Having said this, I am not going to stay short equities very much longer. I will cash out of my short sooner rather than later and wait for a bounce to short.
Also, when the market really falls, then I don't think Gold miners will survive.
I will be watching for this as $GDX nears old highs.
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