GDXJ up and awayBack to all time highs area in the next year and a half.
While DXY moves back to 87-88 and gold could reach the 2800 level.
Key stats
About VanEck Junior Gold Miners ETF
Asset Class
Equity
Focus
Materials
Expense ratio
0.52%
Inception date
Nov 11, 2009
Issuer/Brand
Van Eck Associates Corp./VanEck
Home page
Index tracked
MVIS Global Junior Gold Miners
ISIN
US92189F7915
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Opening (IRA): GDXJ November 17th 35 Covered Call... for a 31.42 debit.
Comments: Going covered call (neutral to bullish assumption) on this weakness with a 30 delta short call in the November 17th expiry.
Max Profit: 3.58 ($358)
Break Even: 31.42/share
ROC %-age at Max As a Function of Buying Power Effect: 11.39%
ROC %-age at 50% Max: 5.70%
GDXJ (+ Gold) "Bear Trap" LongGiven USD strength and the sustained pressure of ever-increasing US interest rates, gold has been taking it on the chin. However, we’re getting into buy levels/demand where it may be poised for a near-term recovery. Keep tabs on gold (spot, futures, GLD), but if you see signs of accumulation/trend
VANECK JUNIOR GOLD MINERS ETF - LONGI believe Gold is close to bottoming - we may see a short term move down on Gold due to dollar strength, however I believe the cyclical effects of Gold entering into a bull market will overpower the impact of Dollar strength weakening risk on assets.
The entry zone at 35.56 may be broken as it's po
Opening (IRA): GDXJ October 20th 32 Short Puts... for a .72/contract credit.
Comments: One of the higher IV underlyings in my options liquid ETF screener at 34.4%. Going a little more aggressive here, selling the 25 delta strike.
Will generally look to take profit at 50% max and/or (a) roll down and out for a credit if tested; or (b) take a
Minefield ⛏️💥The VanEck Junior Gold Miners ETF (ticker: GDXJ) has entered a certain minefield here. Our short-trade target zone has already been dealt with and the corresponding high of the turquoise wave (ii) was placed accordingly within said zone. We are now anticipating further impulsive sell-action in accor
GDXJ Wave A or 1 completingGDXJ current position: Wave 4 of 5 of A or 1. Potentially 70-80c left to complete this impulse.
Gdxj - the arc is still holding upfrom the current valuations - if the 1-2, 1-2 is valid ---> a risk to reward of 12 to 1 could be reached
Bullish on Silver? You have to be on GDXJ as wellWhich instruments behaves like Silver?
Just have a look at the 90% Correlation to Silver.
If you are bullish on Silver, you have to be on GDXJ as well.
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