Probably a relief rally and more sell will come in sync with market... Big bottom might reveal itself after that scenario only if plays out that way...
Komen
Babar
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zoom on targets
Babar
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Babar
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+30% with NUGT ....
Babar
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I believe the bounce is over... this is stretching on the downside as if it needs to print a lower level, until then wont budge to even retarce a bit....
Babar
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this would probably mean 12.30-12.50 for GDX
jangseohee
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that's for small retracement :-)
Babar
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yes i believe silver still has some levels to print although gold is at a pretty good level...i am watching for monthly candles so this might come back down until it bounces hard if level holds
Babar
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overall this is counter trade so quite risky and not recommended, i will not be greedy and look for a short term mean reversion