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VanEck Gold Miners ETF (GDX)

NYSE
Symbol
Exchange
Currency
GDXNYSEUSD
GDXMexicoMXN
VEF5BerlinEUR
Currency in USD
37.66
+0.21(+0.56%)
Closed
After Hours
37.62-0.04(-0.11%)

GDX Comments

Soon in a bear market …
Only brainless sell here…
its time to sell. newmont was a disaster other will follow
newmont post record results… miners will Skyrocket towards the end if the year and in Q1….
Long at 40.37. October will be strong
Where is this loser to tell us how the miners are overpriced???
I added more in late June when it was at ~34 (doubt anyone listened). All my options starting to explode up. Its not too late too add. Still going 20 points higher next 18-24 months.
Excuse me, late July, around 37.50. My brief glance at the chart was incorrect.
Why is this dragging behind gold. Get up, drink some coffee. Miners are supposed to lead gold not fall on the floor
depends on rates miners need money too
we want Timmy!!!
Tim? Tom? Hello welcome to a significant breakout. Higher prices ahead
lol right here with my popcorn buddy. hope it holds. Tim is and his nonsense are long gone by the looks.of it
Timothy?
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I am not timothy. I suggest you go to grinder to find him.
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GDX feels like a coiled spring. Above 40 it is going to fly 20/30% higher cery quickly. Institutional money is still not involved and they ate playing catch up. Most IS HFs cannot fathom a world where fiat devalues so fast. Miners are about to catch fire and gold is only going higher.
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Massive breakout (if this chart uploads correctly)
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2011-2014 triangle breakout to be confirmed on all time frames with a close above $39.50 or so.
i want a down day so Timmy can come back and tell us all about how he and WaveTrash nailed everything and mansplain us about what we are all missing that WaveGarbage sees. hopefully we go down Monday and we get a visit!
where's Timmy?
time for a new ATH. Maybe $40 in the next week. We'll see how June data comes out. If it supports cutting rates...
you warned them, they warned you, what's the difference? you neglect to mention how your entry was wrong....it's basically a wash and you act like you're Jessie Livermore or something .
This isn't about my trade. This is about the direction of GDX and momentum. You seem to worry about how my trade is doing, when we're not even finished with momenum direction, rather than what's important, which is that you thought GDX was headed higher when I wrote here, No, it's not; it's headed lower. So Tom getting caught up with the details of one option choice, which depends on expiry, gamma, strike, VIX, etc., is beside the point. If I thought someone should buy what I wrote, I would have said so. I just wanted to make sure folks knew that in the first half of July, especially as we hit mid July, that was not the time to buy GDX. The time to buy was second half of June. And I explained that if you own options or bought recently, you'd be wise to exit on gains, but if you'd bought deeply green on shares, not options, which typically means double digit gains, then you can hold shares, b/c this is a sideways consolidation phase, not the beginning of a bear market or anything approaching that, at least not yet per weekly and monthly charts when I wrote the earlier posts. In fact, WaveTech indicates gold futures (GC) and GLD are going to see a rally begin shortly for the next few couple weeks. And eventually that gold rally will pull up GDX, but the projection is more bullish for GC than GDX, which is why I'm starting with GLD calls while waiting till mid Aug. to add GDX calls b/c GDX is too choppy before then, per WaveTech.
I'm not worried about your trade, I just like calling out know it alls that are wrong. the notion that technical trading is,.in any way, an exact science is deeply flawed. that goes for any WaveTrash or any indicator or chart analysis you can do. you make money by winning more trades than you lose in this game, not by winning all or nearly all of your trades so stop trying to act like WaveGarbage is something special and you are some kind of amazing trader because if you were you'd be on a beach somewhere not posting paragraphs on a message board that hardly anyone sees.
Folks are driving blind if they think GDX is headed higher in the next few days. They're unaware or in disbelief that WaveTech saw the high in daily price pressure momentum on July 16 and PPM-1 doesn't bottom until July 30 and PPM-2 not until around August 9, and so the low in price is not until that timeframe, typically around PPM-2's low. That's why I said two weeks ago to take your profits unless you're deeply green b/c what follows is consolidation until the next rally in August, and that one is currently projected to result in a lower 10-DMA than July's top of that trend line. That's why I'm trading TLT; you can profit on its move up and down as Treasury demands rise and fall within a trading range, great for options trading. Bought CALL TLT 94.00 EXP 08-16-24 yesterday and preceding days to enjoy a 75% gain today that is expected to be higher in the morning as yields drop further overnight. Then buy a put tomorrow for a selloff in bonds that climaxes next week near EOM. The timing and severity of projection can change, just like a storm projection, but the gist remains in tact of what's coming. The GDX put I bought mid month for around $15/contract has doubled in price since then for a 100% gain, allowing me to sell half to cover the investment and ride this into August through further selling, despite occasional bounces like yesterday. You gotta have a reliable trading tool and technique. Never rely on the mediocrity that frequent these comments with unsubstantiated claims of this will happen or that will happen.
thank goodness your hypothesis was so poorly crafted that no one would have traded on it. I hope you didn't
Denmark, of course I traded what WaveTech said and not what you guys wrote b/c I have a proprietary trading tool used to trade tens of millions of dollars for pension portfolio and money managers who don't get their information and guidance from amateurs on Investing.com. I already told you PPM-2 hasn't even bottomed yet, so there's more downside, but you guys get excited just because of 1 or 2 day bounce in overreaction to one data point, inflation. And BTW, today and Friday's selling is also overreaction but in the trend direction. If you read the BofA report this morning, investors would realize that Friday's jobs report is mostly temporary job losses of people who only get paid when they can work, and the weather during the July reporting period caused a lot of temporary layoffs. In fact, here in the Miami metro, we're looking at about 2 weeks of rainy weather that's putting a lot of blue collar workers in construction and landscaping on hold. That said, daily GDX PPMs don't indicate this daily chart downtrend begins to reverse until mid August. So hold those GDX puts for now like I wisely did.
do you think that managing tens of millions is a lot of money in the world of active management? bizarre. and even the best hedge fund managers get things wrong all the time. and then u talk about rain in Miami? bizarre.
Now is EXACTLY the time to buy GDX. Monster ralley thru end of yesr & beyond.
Now is not the time to buy GDX; that was in the second half of June. Daily momentum of GDX peaked yesterday, and overnight began consolidation phase that's projected to continue for about a month. Momentum precedes price, just like in physics it precedes distance reached. But hopefully folks didn't buy long yesterday or exit shorts yesterday b/c you never do this on gold because the rubber band always snaps back.
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If you think their comments didnt age well so far, just wait till EOM and more than a week later, per WaveTech daily GDX chart PPM declines. Now, as i wrote before, i would sell shares if you are still deeply green bc the 10 WMA might go higher in August and again in October, but the weekly momentum peaked last week, so I’d be trimming my position if it’s still large. That said, election uncertainty and the geopolitical risk of a Trump presidency do warrant gold exposure, but when something is obvious, it tends to be already priced in, and Wall Street begins to realize profits through liquidation. 💸💰💛. Dont get confident every time theres a 1-2 day bounce like we got a few days ago: thats still sideways trading range.
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Iphone typo: i meant to write, “I would NOT sell if i was deeply green still.” Deeply green is subjective, not black and white, but in general if your GDX shares are double digit green, I’d hold. If they’re less than 5% green, I’d exit on the bounce next week, which appears for now to extend beyond one day so can be a bit patient. And if in between, then that depends on a bunch of things like what other opportunities could benefit from the funds, tax implications, need/desire for gold exposure into US general election, confidence/fear where gold and interest rates and US$ are headed, etc. Typos can happen; pag attention to the gist of the message, not every detail like a knit picker, just like bullish momentum ended up extending one last rally past what i wrote originally. That can happen with news, but the big picture hasnt changed. Momentum peaked for summer and is decline phase for weeks.
it's your comments that haven't aged well. again, if you're a technical trader you have already been wrong since you entered a short and your trade went AT LEAST 20% in the wrong direction. you've failed on that trade. you probably should've stopped out.
Now if you've paid attention to patterns and what I wrote, then you noticed that gold rallies between London and NYC open last few sessions, and then GDX declines afterwards. So you've been adding to that GDX short positions on these brief rally attempts to break the decline in gold that WaveTech warned us of a couple months ago, for those who use weekly and daily chart price pressure momentum. So, this decline has at least another week to go, despite another brief bounce being expected. Whether the low is closer to July 10, or a week later around 17th or a week after that, isn't clear yet, but PPMs do indicate weakness around these timeframes, and so just enjoy your GDX puts allowing you to make money on the way up and down on gold, b/c gold rose too quickly in Q1 into Q2, and needs some consolidation to the downside to build energy for an August rally attempt.
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What a load of total and utter tripe. Youre completely wrong.
Next time, Negative Nancy, say something you actually know about. You don't have WaveTech; that's why you got this wrong.
you have been wrong though....you remind me of Radomski, continuously wrong yet tries to spin everything like he has not been. just say you got it wrong? TA isnt about getting everything right, it's about being right more often than not. I suspect you have been short for sometime now so, at a minimum, your short entry was way off. hopefully you haven't been in leveraged products 🤷
As you can see, 3 weeks after my June 7th warning, what I write continues to be proven true. You must use sophisticated quant-based trading tools if you want to avoid buying and selling at the wrong time. No forecast modeling tool nor technique can be right all the time, whether hurricane/weather projections, economic projections or market projections, but the more advanced the mathematics and use of more timely data, the more reliable. Three weeks later, WaveTech still sees the low coming just before or after Independence Day, July 3-9, and for now, my interpretation is after the holiday weekend.
Gold soon will be above 2500 and miners that low… stupidity is unbeatable….
GDX trades like if gold is at 1800 hahaha
Keep in mind WaveTech doesn't see GDX bottoming in short term until some time next month (best guess today is July 2nd-9th, but that will be adjusted based on new data). That's why Jeff Clark advised to buy August puts yesterday. His $34 strike was too cautious, but that's okay. That said, a 5% drop today is probably overdone for day one of a 3-4 week downtrend. So, if I were long, I'd wait for a bounce. For an ETF to lose 5% in one day is a bit over the top and unsustainable, but beware, gold shouldn't have gained as much so quickly as it did, and so traders will take profits or even short it, like me and many others who follow shiny miners
This price makes absolutely no sense…
this should be over 60
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gdx proves the gold bull is still early. people panic selling as soon as they are in profit.
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