GLD, daily
GDX, daily
Summary
*not much to note on the indexes, and with real action in the metals and the miners, I'll start the day with them.
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Interesting to see clown finance TV discuss the metals/miners...the mainstream is following the script..right on schedule.
As for gold upside, next level is 30/40$ higher, equating to GLD 130/31.
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With a 3 day weekend ahead...a few things likely today...
1. VIX to melt lower into the close
2. Indexes to see minor chop..with slight upside bias
3. Low volume, as many traders leave early...never mind the snow issues.
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10.20am...new multi-day highs...there is little reason we won't close somewhere in the 1830s..which - as many recognise, will make for one hell of a strong weekly candle.
To the bears out there..just another 4-6 weeks to go...is my best guess.