Did I mention that GDX was the focus of my attention over the past few days? It’s leading the way into the afternoon session with GLD tagging close behind. The decision to focus on gold in lieu of TLT has turned out (so far) to be the right play and this is compounded by the beta disparity of the issues. OK…so here’s what we should be looking at now…the Volume BUZZ. Everybody’s out to lunch…as expected…so caution is warranted in getting too frisky with overextended Longs until we at least get back to volume parity. Big short interest on IWM.
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