2022-07-19

Long Gold Miners

I bought Aug $29 strike on GDX. Expecting a fast move. GDX bounced off a long-term horizontal support. Note: this very likely will move with TLT. Long bonds have not participated in the rally yet though.
Update: Here's an interesting buy signal: the GDX-GDXJ ratio. GDX would sink for another six months in 2015 though, and wouldn't rally off low until January 2016. That said, it did rally 22 percent immediately after tagging the line.

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