VanEck Gold Miners ETF
Panjang

GDX - Watching for Reversal

143
Small position here for me.
Watching for pattern turn right around Christmas.
SPY / SPX pullback during the same period should indicate risk-on for GDX with bullish trend.
Options are cheap and so is stock. Small position size until we see bullish confirmation helps to reduce risk.
I suggest using stop losses. I do not personally because I feel they telegraph my orders to the algo's.
I play the chart, pattern, world events, price, and sentiment. I also use Price Alerts HEAVILY instead of stop losses.

Holla if anyone wants an update for GDX and I will do my best.

Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY

Penafian

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