We have a continuation of yesterday's melt-up on equities, but GDX is sold at every bounce and the EV pattern of Gold futures does not support the new price bounce.
This move must be respected, but it is an anticipation of central banks easing next week.
The PM sector does not seem to anticipate such a move.
My intention is to start a short position when we will see a 20DMF MF divergence forming.
Pascal
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