Gold and GDX Bull Flag: Feb 2018
Only pictures in this post, as all written analysis is in the pictures.
Good luck in your trades.
Upvote if this blog is interesting/informative.
Only pictures in this post, as all written analysis is in the pictures.
Good luck in your trades.
Upvote if this blog is interesting/informative.
Watch GDXJ after that. Thanks for heads up
You've got an interesting blog. Following.
Thanks. Always looking for investing and trading ideas
upvoted u
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upvote resteem comment @gclipse
I also like gold here given the recent news on potential inflation coming down the road. However, gold has been do tough to hold to, I wonder if it may be better invedting directly in the companies that mine it as they could potentially raise dividends. Any thought?
Yield on Gold Miners ETF (GDX) is 0.77% paid annually in December. Better than nothing. https://www.dividendchannel.com/symbol/gdx/
On Junior gold miners (GDXJ) it is 0.03%.
The key chart is the buy:sell chart of Gold vs Miners (GLD vs GDX). from 2013 to 2015 it was better to hold Gold. 2016 was the year to be holding miners. Then it turned over again. At present they are tracking each other. Junior Gold Miners chart is much the same.