Bruce Jefferson
2
All posts from Bruce Jefferson
Bruce Jefferson in Commodities,

Is the next big move up?

Since Sept. 15  the Market Vectors Gold Miners ETF GDX has climbed to 15.64 from 14.27 (+9.6%). 

Traders anticipating the rally in the miners have done very well in plays like Direxion Daily Gold Miners Index Bull 3X Shares NUGT and Freeport-McMoRan Inc. FCX.

According to Mike Paulenoff, the miners, as well as the oil and gold commodities, have established significant lows, and are bottoming ahead of a meaningful recovery period. So is the next big move up?