InTheMoney Stocks
Long

Gold Falls Sharply: Mining Index $GDX Into 200MA

AMEX:GDX   VANECK VECTORS ETF TRUST GOLD MINERS ETF
112 views
3
112 1
Gold is collapsing again. A rising stock market, soaring Dollar and lack of fear is continuing to put pressure on the metal. The Market Vectors Gold Miners ETF (NYSEARCA:GDX) is into a key level here, the 200 moving average on the daily chart . While this level may be good for a multi-day swing trade long, it is unlikely to be the final low of the mining index in the coming months. Simply put, a quick few day trade on the GDX is likely to yield some profits but do not stick around long.

Gareth Soloway
Chief Market Strategist
http://www.InTheMoneyStocks.com
Any updated thoughts on when this may be a short-term buy again?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out