As you have noticed, the 20DMF was bullish all day long and will probably close its short position. This means that traders will be free to be in cash, long or short.

The GDX Model moved long yesterday. The daily stats pointed this morning to a long day-trade and gold itself is bouncing. GDX is up more than 5% today. If you did not open a long position but wish to do so, you need to wait for a pull-back.


Pascal