Interesting Volume In Gold Juniors
Remember that heavy volume in the gold juniors ETF GDXJ? It was a sign of commitment and it was/is bullish.
But what’s good for the goose is now good for the bearish gander in the short term, evidently.
The (3x) bear fund JDST seems to be receiving some of that volume even as GDXJ’s volume dries up (as it should do on a corrective phase within a bullish trend).
It appears a lot of people are hedging. It could be nothing, but that’s a lot commitment building for the gander for a mere corrective consolidation. Would the conspiracy brigade foresee an impending hit from Team Evil? Or maybe it is the sign of a disbelieved rally and is thus bullish. Or maybe it’s nothing.
Just found it interesting is all.
None.
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