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ridethepig
Dec 16, 2019 11:30 AM

ridethepig | Gold Miners Breaking Out! Long

VanEck Gold Miners ETFArca

Description

After months of choppy waters, finally bulls are emerging from beneath the woodwork right on time to position for 2020 flows. For all those tracking the current leg in Gold by now it should be crystal clear:





Those momentum traders will know the highs will be eclipsed over the next few sessions, generally prefer buying dips. What I am most impressed by is the opportunity found with my long candidate for mining companies in 2020:



For those tracking the end of year positioning flows for 2020 Q1, sit tight reflationary risks are around the corner.

Thanks for keeping the support coming with likes, comments, charts and etc. And as usual the comments are open for all.
Comments
NewTrader2019
I'm buying February calls 28$ strike. But there has been a corellation between SPY and GDX lately. Spy goes up, gold goes down.
ridethepig
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