GDX – GLD Volatility Play

I introduced this spread last friday.  I’ve been trading this for a while now and it’s a very good way for experienced traders to capture some of the volatility in the precious metals space.  Many great trades this week, but lots of heat in this market.  Take a look at the chart I posted last week and the update.  The commodities sector is violent lately.  Size your bet correctly and watch your risk.

Last week:

Below I’ve highlighted minor resistance (blue tint) and major resistence (yellow tint).

This week:

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