Double Negative Divergence Confirmation Pending on GDXThis consecutive or 'double-negative divergence' will be confirmed should GDX move & close much below the 25 level today or tomorrow.GDX daily June 20thRelated posts:Precious Metals, Miners & US Dollar Outlook (video) Stock Market, Precious Metals & Fixed Income Analysis (video) GDX Bearish Pennant Breakdown Likely Short Trade Ideas Overview (video) GDX NUGT Second Price Target Hit, Trade Update + Market Comments Jun 20, 2016 9:57am|Categories: Gold & Commodities|Tags: GDX, NUGT|2 CommentsYou are welcome to share this!FacebookTwitterLinkedinRedditTumblrGoogle+PinterestVkEmail 2 Comments Ruben June 20, 2016 4:57 pm at 4:57 pmRandy, you think its a good idea to hold on to my short NUGT. they are paying a $1.00 dividend tomorrow which I have to pay out tomorrow. GDX came back like a champ today. you think I should cover and then re enter. I am in profit 5 points0 rsotc June 20, 2016 9:43 pm at 9:43 pmRuben- I had shut down shortly after the close & just logged back on to see your question. Personally, I don’t manage my swing positions around dividends as, all other things being equal, when a stock or ETF goes ex-dividend the share price drops in an amount equal to the dividend scheduled to be paid. The operative phrase being “all other things being equal” because regardless of the immediate discounting of the upcoming dividend, the share price in NUGT is almost certain to fluctuate up or down due to the wild day-to-day gyrations in the gold mining stocks, thereby most likely obscuring the effect of the price drop any upcoming dividend payment. Essentially, a stock’s or ETF’s price will gradually “build up” to reflect an upcoming dividend (if known or anticipated in advance), then immediately drop by the amount of the dividend on the ex-dividend day so it’s really a wash (not factoring in any tax implications of the dividend) whether one buys or sells just before or just after an ex-dividend date.0Comments are closed.