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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 313.53-0.1%4:00 PM EST

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From: ItsAllCyclical7/18/2019 11:58:59 AM
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Action in gold/gold shares is very impressive here. GDXJ looks parabolic ST, but looking at daily/weekly on $HUI/GDX we have room to run still. Also silver while OB ST still has a lot of room to run on the weekly. Now that the large caps have become pricier I would expect more M/A soon. Merger of equals would create most shareholder value in this environment. Get liquid and fund more internal projects.

Gold shares are saying that we're likely going to break up on this gold flag and likely prior to Fed. At some pt I may hedge my individual shares w/some Dust, but can be dangerous in this kind of environment so I'd rather pare back and/or rotate to laggards.
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