The Gold Miners Are Shining – Waiting To Buy This Breakout (Video)

In my post on August 11th, I was explaining that we could be hammering out an intermediate term bottom for gold.  Well, it looks like that criteria was filled, so let's make some money now.  The trade is on the gold mining ETFs GDX and GDXJ.  Both of these funds are very close to breaking above a key resistance level and are potentially offering a very low risk, high reward trade.  Take a look at this video for which of these two funds to invest in (it's GDXJ, it's performing better and has a P/E of only 9) and when to start pyramiding into the trade.  Good luck!

 

~D

Profile photo of MetroTraderMetrotrader (D) is one of the few practicing CMTs (Chartered Market Technicians) in the United States . The CMT certifies his knowledge of market timing and risk management approaches. He tends to look for broad market moves and take advantage of them with index funds. The strategy he principally uses is mostly quantitative, and, tested, and has avoided or capitalized on every major recession since the 1940s. He says the best way to make money is to avoid losing it in the first place.

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