There is a double bottom that has formed in the GOLD spot price itself.
The best way to play this is GDX in my opinion. This has been sold off heavily and looks to be ready to break the downtrend with the combination of the double bottom in the gold bullion prices that will allow the miners to have even more pricing power in this inflationary time.
I'd also include Cathie Woods ARKX space etf has had a historic launch with massive inflows. There will be more demand for gold with the space components needed to explore the next frontier. If you analyze the underlying holdings of ARKX, it is very intriguing. A lot has to do with the actual manufacturing of the spacecraft. Only a small position in SPCE.
I'd also include Cathie Woods ARKX space etf has had a historic launch with massive inflows. There will be more demand for gold with the space components needed to explore the next frontier. If you analyze the underlying holdings of ARKX, it is very intriguing. A lot has to do with the actual manufacturing of the spacecraft. Only a small position in SPCE.
Trade active:
GLD calls hit for over 70% return this week.
Have equity positions in GDX.
Initiating GDX 4/30 expiry $35 strike naked calls on Monday (could be adjusted slightly due to movement premarket). May double-dip and with SLV or GLD calls as well if I'm feeling lucky
Have equity positions in GDX.
Initiating GDX 4/30 expiry $35 strike naked calls on Monday (could be adjusted slightly due to movement premarket). May double-dip and with SLV or GLD calls as well if I'm feeling lucky
Comment:
www.apmex.com/educat...to-space-exploration
Trade active:
GDX stock; adding calls tomorrow
NEM is the largest holding in GDX. trade is on like donkey kong; look at this textbook breakout
NEM is the largest holding in GDX. trade is on like donkey kong; look at this textbook breakout
