Gold miners jumped again today, now 30% off the re
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Posted On: 02/02/2017 2:57:00 PM
Gold miners jumped again today, now 30% off the recent lows on the gold miner ETF GDX. The move to the upside is nearing an end based on technical analysis of the stock chart and it is a stone cold short at $26.00. The current price is $24.32. The major culprit for the surge in gold and gold mining stocks has been the decline in the U.S. Dollar. The Dollar is also nearing major support which adds credence to the gold mining stocks pulling back. Aggressive investors can buy the DUST (3X Short Gold Miner ETF) for extra bang for your buck.
Investors and traders look to sell short gold mining stocks
Investors and traders look to sell short gold mining stocks
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(0)Gold Miners ETF (GDX) Stock Research Links
I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.
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