Take Profits On GDX Immediately!

Take profits on all of your GDX shares at the market!

Reasons we're selling now:

  • We're up a very larger percentage
  • We still have three other positions in the metals space to further benefit from any metals rise
  • Miners do carry corporate risks that are over and above what the metal may do.
  • The ETF is hitting its top Bollinger Band on its weekly, daily chart and even lower time frames.
  • It's far away/above all of its major moving averages on its daily and weekly chart.
  • While it could go further, I'd rather see us ensure these great profits since we have three other metals positions
  • We're approaching resistance on the weekly chart
  • The sentiment has gotten really bullish, near-term, for metals
  • Markets have been diving down towards their 200-day moving averages and "could" bounce there. If so, metals would likely pullback a good bit, percentage-wise.
  • We won't sweat it if GDX should continue higher because we've ENSURED great profits while benefiting from the metals rise from our other positions.
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Comments (141)


Sean Hyman
EditorSean Hyman
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Sean Hyman
EditorSean Hyman
10