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VanEck Gold Miners ETF

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GDX trade ideas

Sentiment on Gold is WAY TOO bullish short term The sentiment on gold and gold stocks is way too bullish for the short term. I am not a bear and I am bullish on gold mid to long term but gold has to flex lower to get the power it needs to get past $1800. If the stock market ) rolls over, which I think it will, gold will not escape the selling pressure. Then it will bottom and be ready for the sky rocket move everyone expects. Also, keep an eye on DXY. Any surge in DXY will send gold lower. Just thoughts ... Current contrarian position with PUTS on GDX (15 May) as well as PUTS on SPY (June 19) P.S. GDX is up 2.1% on the day... good entry point??? Disclaimer: The above is only my opinion and in no way can it be interpreted as investment advice. Trade at your own risk and do you own due diligence.
AMEX:GDXShort
by adventurous51
4
I like gold and silver miners long termWith qe infinity, stimulus infinity, money printing, mass debt expansion nothing could be more bullish for Gold and Silver. Which companies benefit for this the miners. Oil is way down which lowers the cost to produce, at the same time we have Gold at making higher with a strong uptrend so these businesses are growing revenue at the same time shrinking business which = bigger net income (bottom line). Demand for Gold and Silver is skyrocketing based on these events which could not be more bullish for miners. The government is never going to be able to stop printing which Gold and Silver will be bullish to infinity. During March the deflationary environment is temporary bearish for miners dropped 50% in a month followed by over 100% gain next month. These miners will get hit pretty hard again but it will be a great buying opportunity for long term. I bought last dip and I’m up over 30% if it goes down again buy more. Overbought on short term charts so I’m bearish in the short term but over next 2-3 years I think the gdx will be over $100
AMEX:GDXLong
by rjchilia123