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VanEck Gold Miners ETF

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GDX trade ideas

Bull Run in Miners!! As you can see GDX has been beaten down for years. Now its time to go long. We just crossed over 21 Month MA. Its bullish at this point and looks like it will hold(as gold is acting very bullish and getting attention from main stream Media). Last time GDX was able to close above 21 Month MA, was June 2017. Heading in to 2008 people where buying gold and selling the dollar and soon as Crisis hit investors sold gold and bought the Dollar. This time the opposite is happening. So expect Gold and Gold Miners outperform everything this time around. Also another indication is the False Break Down done by institutions. They like to play Bearish Pasterns to load up on stocks without making the price go higher.
AMEX:GDXLong
by avka81
Canary Just Died. Time to Take the Money and Run!..Prices have rallied back to the bottom of the (b) wave triangle/pennant and are getting ready to trade down to complete the Zig – Zag Correction started from the August 2016 highs. The factors supporting this are a full Elliott Wave count (a, b, c). There is a Long, Angry Enveloping Dark Cloud Red Candle at the recent top. Price is also still trading below the 200 day moving average, thus the trend is still down. If you’ve traded this rally from the September bottom, now would be a good time to take profits. The blue c wave down should consist of five waves with a target around $10 established by the prior (a) wave. Though I listed this as a Short Idea, I don’t recommend anybody actually short this. The Fundamentals are such on the Gold Miners that they are a screaming steal, and anybody in their right mind should be accumulating them to hold for a long term rally potentially of tremendous size…
AMEX:GDXShort
by Cincinnatuus
7
$GDX $NUGT $JNUG Short play - Is this where you want to go long?I rarely post two charts in a day but this one seemed pretty good. Self explanatory chart, Classic support turned resistance. I also see divergence between the price of gold and the gold miners, with gold not moving at resistance and GDX pushing up. I think that signals GDX is over extended. I can update it later to put more detail if needed. Short/sell at the Red rectangle, cover at the green ones. Keep in mind this is 2016-2018, seems pretty solid. If you agree/disagree leave a comment. Update: Forgot to add there's a trendline we're hitting if you connect Jan 23 2018, July 10 2018, and now. That's lot of resistance signals in one place.
AMEX:GDXShort
by teckno05
15