Gold Miners Trying to Hold it up! $GDX$GDX Looks to me like it is going through a 2 and half week to 3 week consolation cycle before continuing its rally, that started with a breakout and subsequent bull market end of January, start of February. (Which was right about when I got into trading more seriously.) I am unsure of which way to go here. This Brexit thing has been an incredible learning curve for me on my travels. But also rather hard to place any trades. In-fact, I have only been able to place minor scalps (not my strategy, I tend not to do this. Again, learning curve.) on FX markets and a couple of futures lost me some profit.
I like Gold stocks for obvious reasons, (economy, safe havens. etc.) So the miners index is an interesting one.
I would wager the long side long term. Short term? It needs a bit of a reality check before we see further upside. I expect other markets to retrace from their losses soon but not for long. So Gold will (maybe!?) continue it's uptrend for the rest of 2016. I am strapping in for a bumpy one.
