pang- Gold still has that potential double-negative divergence on the daily time frame. More importantly (as I typically trade the miners in lieu of the metal), I have a lot of leading mining companies at very solid resistance levels while very overbought on the long-term time frame, all which also have very clear divergent highs as with GDX. I remain short NUGT but with the uncertainty as to whether or not we’re going to see more fallout (in the form of impulsive selling in the equity markets) in the very near-term, I still don’t have enough confidence to add it an official short trade or to take more that a modest short position.