Time for a miners pullback

Key level in US dollar here...

GDX: Limited upside until first resistance level.

Longing JDST here without planned stop loss...
Miners are pretty overstretched with JNUG +800% over 4 months.

Note

Here goes... This is a multi month train, don't take profit too early :)

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Took profit. $2.2

Small intra-day scalp, since gold looks to be bouncing any time soon.
Buy JDST again on dips in a few days.

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Re-entered. 1.74.

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Yellen is hawkish once again :) Hold this.... its a great winner

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Testing breakout. 19.5 pre-mkt.

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JDST consolidating for a higher price...

Weakness in gold still, within the wedge

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GDX: (Consolidating too, but now it is below the support)

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Wow. Rekt, that's a 40% drawdown off bad NFP data (38k vs 160k expected).
I'm still seeing topping signs in the gold mining sector, holding off some of the unrealized loss for a bit. Let's see how I can manage this trade with gold pulling back now.

Note

Added 1k long on JDST, at pre-opening. 13.1 each.

LastBattle

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LastBattle