SELL YOUR GOLD TO ME gold looks so bearish
one more push down
every damn trader is fascinating about dollar
wait till dolalr crashes
use options
GDX trade ideas
GDX Gold miners ETF has not broken down into bloodbath like goldReversal possible off lower E into the holiday weekend as the shorts have had their fill smashing gold. Now they will load up and go the other way for several months is my guess. The miners should lead the way as they did not break down like gold did which shows positive strength. IMO>
GOLD MINERS etfGain an amplified exposure to gold using this gold miners vs physical gold etfs
Net expense ratio 0.53%
Gold miners are on the cusp of breaking out of consolidationA follow up to Sunday's video on Gold, the commodity, GDX looks like it is almost ready to break out of this consolidation. The fundamentals are clear and suggesting you want to look to this sector now!
Hope you guys enjoy, I would love to hear all and any feedback.
Have a great day all!
GDX - Another Challenging ReadNot sure what to make of this chart. The FIB 62 support has held for 15 months at a touch over 21. Not sure what to make of the shorter term support in place for this year but if the overall market keeps moving up the miners may need to come down and test the FIB 62 again.
GDX Miners CautionHere's my 2 cents on the miners. Based on the last 7 months or so, it looks like we had 2 cycles and are currently in a 3rd. They range about 109-137 days. In each of these waves you can see three minor waves. If we are currently in the 3rd wave of the 3rd cycle then I would expect it to be LT and drop fairly soon. It shouldn't take out the highs of April unless there is a new trend higher happening? The peaks at "1" have each been lower than the previous, where the lows have all been about the same. I'm really not sure what to make of all this, just sharing...........
