Loading ...Based on the overnight ETF open interest put / call ratios the shares will lead lower today.
Gold might stabilize (only briefly if the GLD call buyers return) soon though.
The hedge funds may be buying the dip in the futures (we’ll find out today). If they are gold could fall below $1400.
Be careful. The gamblers are gone wild. Until they are gone or changed (they are always on the wrong side of the trade in time), PM’s are going down…just like I’ve been saying for the past 7 years or so.
But go ahead…buy some GDX calls and see how that works out. (just kidding – I know you are ‘woke’)
Chuckle