Bullish on Gold Miners

DXY (Dollar Index) has turned down sharply, while GDX (Gold Miners ETF) has been exhibiting relative price strength for nearly 8 weeks (off of its 9/11 low at 17.28) despite a strong US Dollar that climbed 3.6% during the same timeframe.

Just imagine what The Miners might be capable of doing if Dollar headwinds turned to tailwinds!  Our Model Portfolio is long NUGT (3 X Levered Gold Miners ETF) at 14.41...

11 01 18 DXY Day 1050 GIF
11 01 18 DXY Day 1050 GIF
11 01 18 GDX Day 1045 GIF
11 01 18 GDX Day 1045 GIF

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Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

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