Comments on: GLD & GDX Pullback Targets https://rightsideofthechart.com/gld-gdx-pullback-targets/ Stock Trading, Investing & Market Analysis Tue, 15 Mar 2016 18:41:10 +0000 hourly 1 https://wordpress.org/?v=7.0.1 By: pangblood https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1111 Tue, 15 Mar 2016 18:41:10 +0000 http://rightsideofthechart.com/?p=170299#comment-1111 In reply to rsotc.

thanks Randy, it’ll be interesting to see how GLD and GDX play out, hope it rolls over

]]> By: rsotc https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1109 Tue, 15 Mar 2016 18:00:08 +0000 http://rightsideofthechart.com/?p=170299#comment-1109 In reply to pangblood.

@pangblood I wouldn’t put high hopes on a rate hike (see below) but yes, if the Fed surprised the market with a rate hike that wasn’t expected, you’d expect the dollar to rally & gold to fall but again, not likely IMO (or according to this chart of Fed Funds futures):

]]> By: pangblood https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1108 Tue, 15 Mar 2016 17:23:48 +0000 http://rightsideofthechart.com/?p=170299#comment-1108 In reply to pangblood.

@rsotc

]]> By: pangblood https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1104 Tue, 15 Mar 2016 15:06:14 +0000 http://rightsideofthechart.com/?p=170299#comment-1104 In reply to pangblood.

Again*

]]> By: pangblood https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1102 Tue, 15 Mar 2016 14:23:28 +0000 http://rightsideofthechart.com/?p=170299#comment-1102 I hope the FED raises rates, would be extra bearish for gld and gdx. Do you expect this pullback to happen even if the fundamentals (FED holds off) disagree? Gain TA vs FA

]]> By: tmeyaart https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1077 Sun, 13 Mar 2016 15:58:53 +0000 http://rightsideofthechart.com/?p=170299#comment-1077 In reply to cem602.

When you trade options you have to be right on Price and Time. Then you have to consider the Bid Ask spread, the Strike Price, and the cost of the time component. It makes trading a very complicated mathematical formula.

]]> By: joefriday https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1075 Sun, 13 Mar 2016 13:11:18 +0000 http://rightsideofthechart.com/?p=170299#comment-1075 In reply to retireat60.

it means Look Out Below..

]]> By: retireat60 https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1074 Sun, 13 Mar 2016 03:43:58 +0000 http://rightsideofthechart.com/?p=170299#comment-1074 Hey Joe, help me with what LOB means?

]]> By: joefriday https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1072 Sat, 12 Mar 2016 13:10:50 +0000 http://rightsideofthechart.com/?p=170299#comment-1072 In addition, the GAPs were filled in GLD and GDX.. would fit with LOB moment coming..

]]> By: joefriday https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1069 Fri, 11 Mar 2016 20:29:16 +0000 http://rightsideofthechart.com/?p=170299#comment-1069 Thanks… seeing same thing re: divergences… matter of time before it turns down. Been layering in DUST myself..have an Avg. of $3.45 now….. think it sees $4.50-$5.00 if GDX hits $15-$16….

]]> By: cem602 https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1068 Fri, 11 Mar 2016 19:25:13 +0000 http://rightsideofthechart.com/?p=170299#comment-1068 In reply to rsotc.

Thank you for the insight and commentary.

]]> By: rsotc https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1065 Fri, 11 Mar 2016 18:55:11 +0000 http://rightsideofthechart.com/?p=170299#comment-1065 In reply to cem602.

@cem602 Although I happen to have a short position in NUGT, this post with the charts & targets on GLD & GDX above was just posted as my analysis of the two, not as official trade ideas. As far as how to trade a potential pullback in the miners or gold, assuming that you agree with the analysis, I can’t give investment advice although I can state with very strong conviction that I believe only very seasoned traders or investors should consider using options & only then as there are few quicker paths to losses in trading than using options, especially straight put or call buying. Best of luck if you take it & don’t hesitate to ask if you have any other questions. -RP

]]> By: cem602 https://rightsideofthechart.com/gld-gdx-pullback-targets/#comment-1062 Fri, 11 Mar 2016 17:48:18 +0000 http://rightsideofthechart.com/?p=170299#comment-1062 Thanks Randy! Do you prefer these trades via GDX directly or through options in your experience?

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