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VisionCapital
Jul 26, 2017 11:06 PM

GDX Long

VanEck Gold Miners ETFArca

Description

BULLISH
Comments
VisionCapital
buy dips
lantao517
It looks like GDX performed quite strong after limited downside, and it tested the upper resistance of consolidation triangle for twice during last week, do you think it's the time now for GDX to launch rocket and breakout?
However, don't see much strong caltalyst for GDX/Gold to breakout, Equity market is constructive and USD is oversold at extremely level
VisionCapital
@lantao517, buying GDX for a very long term trade would not be a bad thing imo
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