Looks like some panic in $GLD at the open, will likely come in today

One important rule of trading, which I forgot yesterday - let the fat pitch come to you.  I mentioned two "low conviction" trades of buying $GDX and shorting $BJK.  Ouch.  Now moving on with a fresh look, $GDX does genuinely look like the herd is all trying to exit at the same time this morning.  A good setup for a short term bounce.  Longer-term, the gold bubble is consolidating, and the herd is moving (has moved) into tech and energy.  Semiconductors ($SMH) and internet ($FDN) are a bit overbought and positive, but likely have move room to run this month on the momentum.