General Moly (GMO) has tracked along with FXI (China)

But look at what it is telling us now.

GMO is far more volatile than FXI and therefore accentuates the moves.

GMO appears to be alerting us to a downturn in the FXI .

It made sense to me to just go ahead an post this chart while I decide exactly how I would like to enter this trade.

Most likely I will buy GMO and sell short FXI , but I might only short FXI . It has also stalled from making new highs along with the US markets and could also be giving us a leading indication. The risk is small at only a few percentage points and the downside appears medium at 5% to 8%.


Tim 1:07PM EST January 28, 2013
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vy interesting comparison. tnx forthat. since june a Little choppy so far. a see a descending triangle in GMO.
FXI has indeed turned down as indicated by GMO's leading weakness.
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