Midday Missive

As far as looking at something for Risk off, it’s the Gold Spreads vs the Currencies.

GDXJ has held it’s 200 DMA on today’s low.You have defined risk at today’s low.

Gold is back above its 200DMA against the Euro and looks to extend against the Yuan and Suisse.

NUGT...put in a trad able low as well.

Silver is putting an ORH day and is currently above its 200 DMA.
Trade the Gold vs. the Silver.

Copper hit its upside target that its been attempting to print since Oct. @ 2.77
That trade is over for a bit. It is not something to chase.

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