Category Archives: $GDX

Gold move pretty amazing….now you know…….

Back on Mar 11th 2015, I posted this:

“Still far from the $14 stop on the $GDX trade – but the move in the US Dollar has been pretty rapid, pulling down Gold.

If you are UK investor with US$ positions the rally in the US$ is great, and the $GDX positions acts a currency hedge as well as a market volatlity hedge….so keep your gold position balanced versus your implied currency position.
Overall, long stock performance should outweigh currecncy moves, but big short term moves like this do impact your portfolio!

Stick a Gold position – either $GDX, $GLD or Acacia Mining (ex African Barrick Gold), which is now at a buying point again after hitting 320 – taking some profit and falling back to 239.”

Nothing happened for the whole year, then an incredible rally in GOLD – 2CentViEW Acacia Mining position has over trebled in value, offsetting lower stock prices in the UK!

The wise men say always have some gold in your portfolio – now you know why!

$GDX – gold continues to go lower as $ Surges – watch the stop…or switch to African Barrick

Still far from the $14 stop on the $GDX trade – but the move in the US Dollar has been pretty rapid, pulling down Gold.

If you are UK investor with US$ positions the rally in the US$ is great, and the $GDX positions acts a currency hedge as well as a market volatlity hedge….so keep your gold position balanced versus your implied currency position.
Overall, long stock performance should outweigh currecncy moves, but big short term moves like this do impact your portfolio!

Stick a Gold position – either $GDX, $GLD or Acacia Mining (ex African Barrick Gold), which is now at a buying point again after hitting 320 – taking some profit and falling back to 239.

 

Gold Bullls – read this….interesting chart..that may convince you to buy…

On google finance, chart the $GDX (ETF of Gold miners) over 10 years.Notice on 24th October 2008 the low point was $17.8 – this was a month after Lehman Collapsed.

Now look back 1 year. $GDX hit a low of $16.59 (approx same level) at the peak of the EBOLA Crisis.

It is now at $22.95 – and could re-trace the move from October 2008 to high $66 in 2011 – a potential gain of 280%!
History does tend to repeat itself – so if you think this year could be a good one for Gold don’t miss this trade – great risk reward profile.

One reason gold could higher (the catalyst) Europe still a mess with currency volatilty, record low bond yields, and hugely negative interest rates in Swiss – sure there are few more..

Buy $GDX Here at $23, Take Profit Target: $40 , Stop $14.

Or for less risk, but lower return (50% over 2 years) – look at the $GLD (Spider Gold trust) which actually holds the physical!