ProjectSyndicate

GDX MNT: V-shape recovery / 70% upside BUY/HOLD(STOCKS)

Long
AMEX:GDX   VanEck Gold Miners ETF
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GDX MNT: V-shape recovery / 70% upside BUY/HOLD(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: GDX monthly chart review and outlook
::: chart looks strong right now
::: gold clearly in bull market now
::: miners benefiting from rise in prices
::: V-shape recovery in pgogress
::: 40% through already however
::: 70% upside remains from here
::: recommended strategy: BUY/HOLD at market
::: TP +70% gains
::: setup for patient traders only
::: do not expect fast/overnight gains now
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS

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