Trade Idea: GDX Short

VanEck Gold Miners ETFArca

Description

⋅ Mar 27, 2023 1:17 AM

True Bull markets in Gold are led by the miners, as spec money bids the sector and industry higher.

We know that Gold has outperformed and had magnificent strength to the upside however its counterparty GDX has lagged.

Seeing relative strength in Gold & relative weakness really emphasizes what were going through... a Liquidity crisis.

Gold is moving on fear and miners are lagging.

If gold softens up just a bit GDX will see a greater move to the downside.

Comments

mudguts222jb

⋅ Mar 30, 2023 2:23 PM

We are over $31. It's off to the races now... $40 soon.

Priyamgupta

⋅ Mar 27, 2023 1:38 AM

Thanks for the analysis. Do you have an update on your natural gas idea? It has come down significantly, so are you seeing a new low or break above recent high in short term?