Hedging his bets on the outcome of the US election.
The canary in the coal mine. If RGLD doesn't hold this breakout then we may just have to be satisfied. It's been a mind blowingly good rally. GDX rallied well over 70% since March. The election will either be the trigger for a parabolic topping move in all things precious metals, or it will be the trigger event for a multi week intermediate degree correction (or sideways consolidation).
Since there's no way to know the outcome of the election or the market's response to that outcome it's anyone's guess as to which way this will go next week. I would say keep an open mind and be ready to change directions if the market does the opposite of your bias.
