GDX 15 minute gapped up to fill the upside gap from last week and promptly dropped again to fill the opening gap. Where does it go from here? I have no clue on the short-term.
GDXJ did the same thing.
I am leaning toward adding a DUST position for very short-term partial hedging of gold miners until this chooses its direction. That is not a recommendation because it’s a volatile vehicle and because the miner view is positive beyond the short-term. If the 15 min. flag breaks upward after this gap fill I’ll probably get rid of it. My goal in the short-term is to protect profits, not grow them just yet.