Metals and Miners continue their rise, and this looks like the bounce we were anticipating. Both gold and miners (GDX and XAU) failed to reach the trendlines outlined in the Weekend Newsletter.
The interim rally we are observing should be short-lived. I’ll be looking for prices to top between now and Wednesday of next week. The rebound zones for Gold, Silver, and GDX discussed in last night’s report apply.
If the rebound adheres to our expectations, I’ll consider reentering DUST and JDST sometime next week.