Adding GDX for a swing position GDX has been trading in this channel been slowly entering swing position
Key stats
About VanEck Gold Miners ETF
Expense ratio
0.51%
Home page
Inception date
May 16, 2006
GDX is one of the most popular funds in the global gold-mining segment, a trading powerhouse with deep primary, secondary and derivatives markets. Following a 2013 overhaul of the fund`s index, GDX is no longer limited to US-listed firms, nor does it filter out firms that have hedged their gold exposure with derivatives. In addition, it includes firms mining other precious metals in addition to gold, so it`s not entirely pure-play gold miners. GDX includes all the major names, but the fund`s broader take on the gold-mining space means that the big firms get less weight than in our neutral benchmark. As an industry benchmark, GDX falls a bit short, but it's still hugely popular.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Opening (IRA): GDX Dec 20th 36 Covered Call... for a 35.29 debit.
Comments: Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 35.29/share
Max Profit: .71
ROC at Max: 2.01%
50% Max: .36
ROC at 50% Max: 1.0
GDX Gold miner ETF looking promising right now GDX Gold miner ETF looking promising right now
Similar to other precious metal price action right now
Are Retail all aboard the gold train?When social media is buzzing with Gold fever now that Gold broke through 2700, is a major shakeout needed for the bull to keep running
My Watchlist: GDXGDX, I have a green setup signal(dot Indictor). It has an excellent risk-to-reward ratio(RR:). I'm looking to enter long near the close of the day if the stock can manage to TRADE above the last candle highs(white line). If triggered, I will then place a stop-loss below(red line) and a price target
Elliott Wave View on GDX Favors Pullback Before RallShort Term Elliott Wave View in GDX suggests the zigzag correction should find support towards extreme areas before resume higher to finish the impulse sequence from 5-August, 2024 low. It is showing higher high sequence in daily from September-2022 low and expect short term rally to continue agains
Opening (IRA): GDX Oct 18th 32/37/37/42 Iron Fly... for a 2.66 credit.
Comments: High IVR/High IV (59.8/35.2). Some more "little stuff" in that 45 DTE wheelhouse while I wait for other things to come in or require management.
Metrics:
Max Profit: 2.66
Buying Power Effect: 2.34
ROC at Max: 113.68%
25% Max: .67
ROC at 25% Max: 25.19%
Elliott Wave View on Gold Miners ETF (GDX) Expects Continuation Short term Elliott Wave view on Gold Miners ETF (GDX) suggests that decline to 33.86 ended wave (4). The ETF has turned higher in wave (5). Internal subdivision of wave (5) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 36.25 and dips in wave ((ii)) e
$GDX Bull Flag Daily Chart AMEX:GDX Bull Flag Daily Chart
📊 AMEX:GDX is showing a Bull Flag on the daily chart—a classic pattern that could signal continuation to the upside. Keep an eye on potential breakout levels! 🚀
#GDX #Gold #BullFlag #TechnicalAnalysis #Investing #Finance #MarketTrends
Gold Miners versus Uranium MinersYep, #gold #miners are setting up for a very impressive move to outperform #uranium #miners.
But don't trust me, just look at the chart below!
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Displays a symbol's price movements over previous years to identify recurring trends.