GDX Follow-up

[Pascal]

The FED's announcement resulted in a sharp reversal of GDX MF.
This type of behavior is not good after a Buy Oversold signal.
We are now close to the Oversold level, where the model will revert to cash.



When checking the EV pattern of all the gold miners, I could not resist comparing ABX to IAG. IAG issued a cost increase warning, but ABX did not do. However, the market is acting as if ABX would also issue such cost increase release by mid of February.

I will keep any long position small until most PM miners earnings are out.



Pascal

[Pascal]

This is selling without discussion!

I expect the confidence level in increase both at we continue to experience a negative MF, but also as we head toward the mid and then the end of the day.



Pascal