Loading ...Looks like a 17 million share was made at the close on GDX, no idea whether it was on an uptick or downtick – probably is meaningless anyway.
I will say this, only 28K contracts before the commercials have equal long and short contracts, I guess that’s the good news. The bad news is that they have a bunch of new longs to dump on the market to offset the squeeze they are about to put on the funds. IMHO, the funds are about to get the crap squeezed out of them, and squeezed they will be as they’ve gone massively short.
I think we are going to get a rally back to $1150
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