Gdx

[DJones]

Whatever wig we put on the doll, she does not look pretty right now.
I plan to reduce some long positions if we have an afternoon bounce with declining MF.
The GDX RT model was correct to turn short two days ago...
Attachment 13648

Since EOD and RT have diverged recently, and since RT is bouncing around a bit between long and short (expected, given its short-term look), at any given point either now or in the future we will be able to look back and say that either the EOD or RT was "correct." But for now there really isn't clear direction.

Or is there?

1) Both EOD and RT are long, right?
2) About 12 days ago began a divergence between GDX MF and price. That divergence continues. Money has moved in, and the price has moved down.

If MF has an impact on pricing - eventually - and I believe it does, why would we not be staying long here?