Junior Gold miners looking like sure thing

Mar 3

With Gold closing at an all-time record high close on Friday, it seems that the time for the goldies has come. Here we see GDXJ (Junior Gold Minders ETF) really pumping hard on Friday. Our view is that these gold stocks are going to absolutely fly, but the trade setup is up to the swing high around $39. Once there, maybe take most off and let the rest ride on a trailing stop loss.

Mar 6

Trade closed manually

Gold seems to be running out of momentum and GDXJ has reached the 200-day moving average. Happy to take the money off the table here.