Loading ...I no longer trade and have just a few small pm positions that are holds. As you may recall I have been buying US notes and bonds as the auctions come up. Yes like SVB some are under water if sold today but I should be able to hold until maturity so I figured I would be okay buying before the interest rate peak even if I could identify it.
In terms of GDX, I see the recent correction using a 5 year chart as a wave 2 not an a wave. It is too early to confirm that view even looking at a 5 day chart. If I were trading I am happy catching the middle part only leaving the early possible move and the final high hopefully for others. So I would not yet be buying.
I am using my ipad and it does not have the charting software my laptop does so I can’t show detail.
aurum