rjchilia123

I like gold and silver miners long term

Long
AMEX:GDX   VanEck Gold Miners ETF
With qe infinity, stimulus infinity, money printing, mass debt expansion nothing could be more bullish for Gold and Silver. Which companies benefit for this the miners. Oil is way down which lowers the cost to produce, at the same time we have Gold at making higher with a strong uptrend so these businesses are growing revenue at the same time shrinking business which = bigger net income (bottom line). Demand for Gold and Silver is skyrocketing based on these events which could not be more bullish for miners. The government is never going to be able to stop printing which Gold and Silver will be bullish to infinity. During March the deflationary environment is temporary bearish for miners dropped 50% in a month followed by over 100% gain next month. These miners will get hit pretty hard again but it will be a great buying opportunity for long term. I bought last dip and I’m up over 30% if it goes down again buy more. Overbought on short term charts so I’m bearish in the short term but over next 2-3 years I think the gdx will be over $100
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