Gdx

[Billy]

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?

1) No. EOD is long and RT is short. The RT will cover its short either :
- at 0% + porosity or
- at average MF + porosity if it trades below average – porosity at one point in time.

2) Nobody’s talking here about exiting the long EOD position prior to a confirmed exit signal at the close of the day or before hitting the stop.
Billy