GDX Trade
Gold is up over $12 this morning.. it looks like the intermediate bottom is in. One trade I have been waiting on for a while is the gold and silver miners. I usually trade individual companies, but it’s important to watch GDX for clues to where we going. It has consolidated in a tight range for so long.. I am expecting a big move up soon!
Finally, a nice move from $1240 to an intra-day high of $1258.
GDX has been very tight for a while, that usually leads to strong moves. Wouldn't it be nice to see GDX close to $30 in a couple of months?
Yes that would be great!
It is a little early to say that an intermediate bottom is in. Only Tuesday, volatility is high, volume is low, swing highs and lows will occur until the real trading returns on Monday, after the holiday break.
I agree, I think we are close
I am also expecting you have a big move up soon
Never occurred to me to keep an eye on the commodity itself and buy into the individual companies when the price jumps. I used to have a couple gold companies as clients when I was in IT sales. Glad I am not in that anymore!
Hopefully your trades net some cash!
Thanks! I’m doing pretty good today
Interesting to see how gold goes in the next few months to a year... This bull market will have to end at some stage for shares... and when it does gold will go the other way, as people rush for the safe haven..
Let see sir what will happen.🙂
Its really a informative post for all of us….thanks for sharing
lol man lol!!.,,,.....