for those still in the GDX active short trade, please be aware that GDX is quickly approaching T3 (final target). i will be watching GDX and some of the select mining stocks for long-side entries later on but i just can’t make a solid enough case technically to buy just yet. that doesn’t mean that they aren’t going to bounce and bounce hard soon, as they likely will due to how oversold they are. i know there is a lot of interest out there in the gold and silver miners and as such, i will continue to keep these stocks on my radar if any good R/R set-ups present themselves but for now, i’d rather just close out the last of the shorts (i believe that a few other individual miners have recent hit their final targets too) and not risk prematurely forcing an entry on the long side.
