As you know GDX has been quite horrid. 2 weeks ago the RSI 2 oversold system went long as the RSI closed below 2%. The system had a quick but winning trade as price bounced back to the mean - which was nice because GDX then sold of hard and has made new lows. However the system is actually very close to taking another long position because today the RSI 2 closed at 3.26%, and if GDX had another good down today tomorrow, the RSI will likely close at 2% or below, which would cause the system to go long again.
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