Neutral Day For GDX Money Flow - March 22,2012

[DJones]

I guess the action of slowly drifting into this position perhaps might temper one’s enthusiasm for the ‘seriously long’ position. I’m watching for acceleration of Price and Money Flow, to offer a clue.

Unfortunately, I agree. Enthusiasm tempered.

I'm still looking at price decline in the GDX from 50.11 with MF at -0.86% to 48.74 with MF at -0.44%. Money has come in, and fairly steadily, and the price has had a couple of big gaps down. For me, a good test of the fundamental approach.

[davidallison@gmail.com]

I'm still looking at price decline in the GDX from 50.11 with MF at -0.86% to 48.74 with MF at -0.44%. Money has come in, and fairly steadily, and the price has had a couple of big gaps down. For me, a good test of the fundamental approach.

DJones,
For sure. I've been buying calls on NUGT out to Arpril and May, at the same time had some crash protection with puts on GDX that expire Friday. Sure glad I had the protection. I sold the puts this morning and adding the the NUGT calls. Have to see how the day unfolds.
Dave