Reddit Posts
AYA Gold & Silver. Exotic SilverSqueeze play. 40% of the float is locked up by insiders and institutions.
Thoughts on gold and silver as a trade
A mid-Month Review: Technical Snapshots & Trade Journal so far for August 2023
GLD Trade Analysis: Are You Too Dumb To Predict Stock Prices? Me Too.
Loss Porn For All the Regards (#WeWillMakeIt)
Gold and Gold Miners are about to RIP FACES!
2023-03-27 Wrinkle Brain Plays - In the style of Hermione Granger
Precious metals miners on the move as gold touches $2,000 (NYSEARCA:GDX)
2023-03-08 Wrinkle-brain Plays (Mathematically derived options plays)
2023-03-02 Wrinkle-brain Plays (Mathematically derived options plays)
Down ~ 70k buying call options on $AG $GDX $HL and $GOLD 23 y/o
A Look At The Best & Worst From February 23 Expiration
🚨BOOMER ZONE🚨 GRAND DADDY’S ADVICE
2023-02-17 Wrinkle-brain Plays (Mathematically derived options plays)
MAJOR BULL RUN!!!: GDXU, JNUG, GDX and gold mining stocks!!!!!!
GDXU, JNUG, GDX and GOLD are still on fire and leading the market!! I'm up 95% in 3 months
The progress on inflation using pairs trades
2022-11-07 Wrinkle-brain Plays (Mathematically derived options plays)
2022-10-27 Better Tasting Crayons (Mathematically derived options plays)
2022-10-24 Better Tasting Crayons (Mathematically derived options plays)
2022-10-10 Better Tasting Crayons (Mathematically derived options plays)
Non-Boomer Portfolio Management for The Highly Regarded
Now is time to get some mining stocks and cost average down if the market tanks. Already historically low and if we do have recession/depression gold and silver historically do well. Mining stocks could 10x easy if their is a breakout in PM prices which seems to be a likely scenario
Are delta hedged short straddles on 3x ETFs more risky than on 1X ETFs?
Unsolicited Technicals post FOMC Update
Gold Is Holding Up as Stocks, Bonds, and Crypto Plunge $GLD, $GDX, $GOLD
Silver and Gold are signaling a new weekly cycle
DD Upside Call on $AU Anglogold Ashanti prior to earnings
Gold, Silver, Copper, Oil and Uranium sector and their values today
Interest rates, inflation, and where that leaves Gold and the markets.
Silver Miners still lagging the massive gains in gold & silver
$500 ~ $4800 playing AG, GDX, and GOLD
An epic Gold move has begun $GDX $GDXJ $NUGT. Today is day 1. Please hold on to the bar
Precious Metal Miners all trending lower
Discussion on precious metals - pros and cons of precious metal stocks, ETFs, and physical holdings
Bought $GDX 32 long October calls
Trying to Build Small Account With Options.
Deeper Dive into $KGC - The Canary in the Gold Mine
Waiting for the Glass Ceiling to Break
Now is not the time to be long... remember the market moves in cycles
Are we starring at another Black Swan ?
$GDX currently at the 0.618 Fibonacci retracement level in its bat harmonic. ______________________________________ // Tags: $SPX $SPY $ES $NDX $QQQ $NQ $DJI $VIX $GLD $SLV //
04/01 i said i was going to work on GDX with a proprietary options technique to “flatten the ladder”— if you held bull spreads, you’re welcome.
Gold and Silver pennystocks — 100 baggers, and the train is departing the station.
Mentions
Did an analysis of my port and realized that Fridays are consistently my worst days. Stopped playing indexes and started playing SLV and GDX options through the week after on that day specifically and went from down 30% YTD to up 17%.
Good for you. Not sure who you guys are following as analysts, but all the guys I am following have turned bearish on the S&P and Nasdaq weeks if not months ago, so I am not sure why people are surprised by what's happening. As for the miners, multiple confluences showing we are likely entering a sustained multi-year metal/miner phase, in particular the miners/spot ratios and the S&P/metal ratios. The GDX/XAUSD ratio is now a confimed breakout. The XAU/XAUUSD shows a potential 3x upside vs **the spot**. Imagine what that means if the spot keeps rising as it's doing now...
I agree with your sentiment. Earnings threw the kitchen sink and people were quick to judge. In reality, higher gold prices directly mean higher royalties = higher AISC. B2gold has a lot going for them this year, but it is entirely contingent on the gold price. Crazy how GDX/GDXJ have been moving the same as GLD, likely indicating that investors aren't confident the gold rally continues. Management credibility also took a hit due to higher AISC from stripping and Goose ramp, so the supposed "2026 will be our year" has now turned to 2027. Yes the prepay ends in June, but will the price of gold maintain its levels by then? Same with the ramp up in production with Goose. Would obviously be terrible to have insane CAPEX with Goose and them never fully produce at these high gold prices if gold crashes/corrects. Also, there's the uncertainty with the regional permit. People hate uncertainty more than bad news. What I do know is that everyone wants to buy the bottom, but not everyone wants to emotionally commit at the bottom. If no one wants to buy BTG, hopefully management picks up the slack and does it themselves. IMO this gold rally is just starting. DXY still relatively strong, short term rates still elevated.
We going all in on GDX calls? I’m sitting on GDX 02/27/2026 113.00 C and riding until close. Might get more calls for late next week. Good idea?
GDXJ or just GDX?
Imagine buying SaaS garbage when you could just buy GDX instead of
GDX, SNDK, and EWY are serious $ makers. Ya’ll have better momentum plays with solid narrative behind it? I don’t think so.
Check out spdrs to diversify within the market for low fees, XLE, XLU, XLI, XLB etc. Find the unloved sectors and they'll shine again one day. I like MLPs better than REITS for income. For natural gas, EPD and ET have done well lately. I also own small positions in short volatility etfs like SVOL that have done well in certain markets, but might not buy them today, they just keep dripping. Some of the aforementioned distributions are capital gains instead of dividends. Different for tax purposes, i think lowering your cost basis so instead of paying taxes on the payouts, you just lower your cost basis for when you sell. Honestly not sure and I'm not really qualified to be discussing that. It's all ROTH so doesn't matter to me. I own some GDX and GLD and some leveraged precious metals ETFs that pay dividends but have higher fees. Look into equal/ historical weight SP500 ETFs if you want broader exposure with reduced tech volatility. That's my current recipe for diversification, but I've got several new ideas from others in this thread to get excited about, so thank you to all who have posted! Hope it helps, and as always, do your own research before allocating.
Here is the Issue here, Someone says "Physical Gold/Silver" 50% of people think Gold/Silver Coins/Bars Nuggets, etc... The other 50% think ETFs- GLD/SLV/SIVR/IAU/IGLN, etc... instead of ones that track Gold Miners GDX/GDXJ, etc.. and other forms. So with all that said, I say you should try Apmex or JMbullion and see if they will cut an American Eagle $50 coin in 2/3 and sell you. Then you will have \~$3,500 of 'REAL' Physical Gold in the actual Palm of your hand...
Dawg what is going on with GDX? When GLD was at $464 before the SCOTUS ruling, GDX was at $105. Now GLD is back to $464 and GDX can't break $103.50.
Theta gang my long GDX positions.
They guided lower extraction rate for their next quarter Tbh just buy GDX. The ETF has equal performed or outperformed all of the bog miners at every turn and you don'f have to worry about one of them having a bad day and tanking your holdings.
bull spreads, RTX, XOM, SLB, GDX bear spreads AAL calls VIX my hedge on an attack on IRAN
I am about half stocks, half real estate, currently two investment properties in Mexico on AirBNB plus my home in Las Vegas. If you want to own gold, look at the ETFs GLD (gold futures) and GDX (gold miners).
Silver and golds pop now dropping time to short buy ZSL JDST PUTS ON GOLD AND SILVER MINERS GDX GDXJ
Should I flip my Friday expiry GDX calls in SPY 0DTE puts? Need +7% on GDX to breakeven, think we might dump into close today. First yes/no response will be my play
My call options are in Ford, COPX, URA, BTU, GDX, and SIL. Buy LEAPS of each and then get a fuckin job because even if they triple that's still only $1500
if I'm a long term investor in gold miners, should I be only going into GDXJ instead of GDX?
uhhhh dont do that. just buy shares of GDX, GDXJ, and GLD. hold it for 5 years, keep adding. you'll thank me.
Calls on GLD and GDX are the only things in this market I have absolute conviction on, just wait until earnings reports for the gold miners and their massive profits from updated gold prices start flying in
I feel good about my 2/20 GDX 105Cs
Semicap, photonics, optics, memory, semis all mooning. South Korea ETF (nearly half of which is SK Hynix and Samsung) +28% YTD. Massive amounts of money is being spent on AI but this sub remains oddly loyal to mega cap tech (the spenders) rather than focusing on where they're spending. "we saw the end of the Silver/Gold craziness etc." The GDX is still up 23% YTD vs the SPY +1.3% and MAGS -3.3% COPP +20% YTD, SETM +21% YTD, LITP +6% ytd, URNM +19% ytd Names like GEV +21% ytd. Even the XLE is +20% YTD.
I have a GDX put with the same exp date if that makes you feel better.
GDX be pissing me off sometimes. GLD goes down 0.1% so you go down 0.7%?? Especially when Agnico Eagle's ER is tomorrow and they're like 9% of that index.
If we do airstrikes in Mexico the europoors are gonna freak out for real. International norms, western developed country, flagrant international law, how dare you, barbaric, etc etc. GDX calls. Asia has been buying gold, Europe is about to start, trust loss in USA/dollar is going to accelerate
asia hungry for opportunity (GDX)
Russell **+7%** YTD Brazil EWZ **+20%** YTD Thailand THD **+15%** YTD South Korea EWY **+22%** YTD Gold miners GDX **+20%** YTD My port **+70%** YTD ... SPY **+1.5%** YTD lmao 😂 QQQ **-0.5%** YTD lmao 😂 The US tech multi-year bull run is over. Stop having emotional relationships with your stocks based on past performance.
Russell +7% YTD Brazil EWZ +20% YTD Thailand THD +15% YTD South Korea +22% YTD Gold miners GDX +20% YTD ... SPY **+1.5%** YTD lmao 😂
Undecided if I'd prefer to do a SLV or GDX spread at close today. Could go either way.
My portfolio is well diversified across a basket of marketable securities including and limited to GDX calls, SPY puts, a deformed cigarette, $0.27, and a piece of lint
Each metal usually has a few good choices. Physical delivery, miners, whatever. Check out COPX, GDX, URNM
buy gold and silver and GDX dollar aint worth shit who are they trying to fool here literally noone is buying there bullshit
AI is fake, software is gay, time to full port shiny rock (GDX)
I know about GDX and GDXJ, any others?
Last chance to get into GDX before gold miners report better earnings than sandisk.
Plz GDX help recoup my crypto losses 🙏
I have Jan27 leaps... Institutional investors are almost absent from the sector. At some point they'll have to respond to why they missed the +140% GDX move last year and why they're not in it if it keeps going.
Because it’s all noise the metal prices. Gold can legit stay at $5k and not move for a year and the GDX would go up 50%
yea i dont trust SLV or GDX - individual companies to me are better than these generic ETF's
Gold will drop until RSI is <30 oversold buy puts GLD and Miners GDX GDXJ or buy JDST
Don’t worry, you can try again. GDX will be trading this week too lol
I feel many metals are overextended.. But I think COPX and GDX are at relatively reasonable prices. Check 1Y chart Lmk what you think
Wait for the correction to drop to -20% spot and then buy GDX or a few of the miners
My GDX is inly up 10 % this month and 140% over the past year. I am ruined🥲
I bought GDX at 25-30 range. Have regretted selling at 45, 60, 90. Over 100 I just gave up selling.
mainly metals calls (GLD and SLV and PALL) and GDX / SILJ miners. Entered most of them in the last 2-3 weeks so these are actually down below my cost basis by like net 40k loss from what I pulled out of my "boring" index funds. Going to go back to index most likely for now...
I did tonight just before the after-hours session closed. I saw DXY blow up right currency futures rolled over, looked at the news, and then checked Polymarket. A flurry of bets started coming through that Kevin Warsh would get the chair nomination over the only other serious front-runner, Rick Rieder, for the U.S. Federal Reserve. Mr. Warsh is perceived as being the most hawkish out of Mr. Rieder and Mr. Hassett. This is good, long term, for the U.S., since it maintains some fiscal sanity and means that we won't have out-of-control inflation. It's somewhat bad, though, in the short-term for equities and commodities, since it means that the markets are pricing in the possibility of only one more rate cut this year. Commodities and equities may thus experience a lot of forward volatility. Although the chair only provides one vote on rate policy, either he or she can exert a lot of control on the other U.S. Federal Open Market Committee members. Likewise, the chair sets the tone for meetings and discussions, which is a very poignant form of soft power that can, in many ways, influence decisions when there is a lot of uncertainty about how to interpret the data. There is also the potential that the current administration can control three out of the available seven seats not occupied by the presidents of the U.S. Federal Reserve Bank. Steven Miran's tenure is up this week. If Mr. Powell opts to resign as governor after his position as chair expires, then that would free up an additional slot. That allows for the slim possibility of two governors potentially undermining the chair and pushing for unnecessary fiscal easing. Ultimately, I banked on a continuation of the hawkish tone from Mr. Warsh and continued to unload the remainder of my GDXU positions while they were up and before the after-hours session officially closed. That was my most volatile position and would be eaten alive both by volatility decay and by intra-day swings in the spot price of gold. We saw the latter phenomenon play out today and earlier this week, as GDX and GDXU did not recover despite a complete retrace in the spot price of gold in today's New York session. As I noted to another commenter, I started selling GDXU into the rally yesterday to lock in profits and set aside funds for last year's taxes and this year's taxes. I offloaded around 1250 shares yesterday, another 1250 shares this morning during pre-market hours, around 500 shares this morning when gold went negative but started to recover slightly, and then the remaining 1500 shares before after-hours closed this evening. I was able to lock in around a 50% gain, which, for a month of not doing much other than watching the news in my idle hours, is rather nice. I can post screenshots if anyone is interested.
Not too badly, all things considered. It stings to be down around $1.2M from today's high and around $600k compared to yesterday. However, that put me back to where I was at yesterday's open, which isn't so bad. I was fortunate that I took a decent chunk of profit from both UGL and GDXU this morning before the bloodbath happened. As I noted in another comment, I think it was from yesterday, I wanted to sell into the rally to make sure that I started setting aside funds to pay for taxes both last year and this year. I also wanted to sell a bit extra just to have a cash cushion. I also ended up grabbing more UGL on the dip earlier today. I wasn't able to quite catch the bottom, but I got very close. I won't be grabbing any GDX and GDXU, though, until we see where gold stabilizes. We could very well have another major liquidity sweep either tomorrow or early next week, which would further, and unnecessarily, depress GDX and GDXU prices even more.
Added to my biblical rapture Schiff position earlier 10% of power into NEM GDX SLV XVUS
Best I could do was sell my GDX and buy GDXU.
BITI NEM GDX GLD SLV VXUS XLE You’re welcome
Gold miners. GDX and GDXJ are both ways to capture upside on higher for longer gold and are often globally positioned. Many miners also cross multiple PMs like silver or copper on the same mine.
I am in SLV, PPLT, and GDX. short term they will pump very well as the metals skyrocket. Long term I will be out of all paper, prob within 3 to 6 months. Stack physical as best you can.
Full porting across the board into all things tech and gold 🤷 MU, TSM, GLD, GDX, AMD, etc... ported calls
I bought gold at $1400 in 2019 and have begun selling between $4000-$5100 with my most recent sale occurring today. Maybe I'm selling prematurely but this move over the past year seems extremely excessive. I've held my miners/GDX because they actual appear cheap compared to current gold prices.
GLD for the SPDR Gold Trust, or GDX for a good gold mining ETF.
I don’t think the miners are factoring in the new spot prices completely. It’s literally exponential gains. But I’m a dumbass. I’ll still play some GLD swings but started buying GDX GDXJ. Surprisingly GDXJ has a lot of overlap with SILJ and has some good silver miners.
I got GDX and GDXJ which contain miners that both do silver and gold. You think they would up with GLD and SLV
Powell has to step down as chair, and he will. I’d probably sell a week before that actually happens, and the anticipation of whatever goofball dipshit Trump appoints is going to do will be the main catalyst. Once that person gets in, it is going to depend on what they do (and, realistically, what they CAN do), so get out before then if you’re afraid of risk. Depends on how long your strategy is. If you’re willing to hold out until Powell steps down, yes. Both will print. Hard. Expect a run up after hours tonight, and a decent drop at the bell tomorrow. Get in then and ignore it for a couple months. GLD, GDX, and SLV have been reliable for me, but do your research.
Someone said they were buying GDX calls in like November and I tailed. Just broke 200% lmaooo not screenshotting yet tho
I had a look at your history, you have some beautiful stuff:D Since you are the silver expert, can I ask you if you are invested right now in equities that have to do with silver? For example the ETFs SLV, PSLV, SIL, SILJ or individual companies? I watched this video featuring Rick Rule [https://www.youtube.com/watch?v=RVacfj1eDYU](https://www.youtube.com/watch?v=RVacfj1eDYU) and he's saying that there is a lag in the stock prices of major (not junior) silver miners because silver moved up a lot very recently and this wasn't priced in, example Pan American Silver production guidance for 2026 mentioning $70/oz as average silver price [https://panamericansilver.com/news/pan-american-silver-achieves-2025-production-guidance-and-provides-guidance-for-2026/](https://panamericansilver.com/news/pan-american-silver-achieves-2025-production-guidance-and-provides-guidance-for-2026/) . GDX is +200% in a year compared to GLD's +93%. On the other hand SIL is up +249% compared to SLV's 284%. My logical conclusion is that the big silver miners will crush their earnings that are coming in the following weeks and raise guidance, does this seem too obvious? Even in a bad case where silver falls to $70/oz, earnings will go up a lot, and if silver stays above $100 which seems an average case at the moment, it's another +100% in earnings. Do you see a good play here for 2026? I bought 100 shares of Pan American Silver at a high price of $67.70 during the overnight session 1-2 days ago and I am +60% on South32 since October. I don't have cash to buy unless I sell something else so I was thinking about selling aggressive puts for earnings of American companies like Wheaton, Hecla Mining, Endeavour etc. one company at a time, I close one then after I open the next one. Or I could just sell SIL puts. Any other strategies you would consider?
Alright, who’s spoofing GDX options chain rn
it was easy in 2020 during the JPOW BRRRR-era to see how monetary policy would affect precious metals. That was the easiest play, and I told everyone here, using multiple accounts, that GOLD was the play. and MINERS like at least GDX and GDXJ. You can STILL get in on the action. Don't try and be smart. Just buy EPGFX and EPDIX and keep buying in smaller chunks after your initial investment. Forget QQQ. Forget SPY. Forget crypto. Underperformers. Time beats timing. You'll never time it. You'll always get scared and sell. So just chill, relax, work, and invest in the long term. And no, you won't be able to buy mutual funds on RH.
GDX: gold miners. These gold mining stocks are literal gold mines.
Feel like I have metals brain rot. I don't do any deep ticker research anymore or balancing etfs by sectors just SLV GLD GDX GDXJ SIL SILJ PPLT COPX just straight rocks. I'm doing better than ever thinking less
Spot gold can sometimes front-run GDX and GDXU. Right now, people are likely trying to price in the potential that the spot price of gold will not hold at current levels. This behavior makes holding GLD more attractive than GDX, since the latter amplifies the gains and losses of the former. However, once the spot price holds for a few days, expect GDX and GDXU to catch up with the near-parabolic gains that we have seen near the close of the New York session today.
Well that changes my opinions, though I’m still indecisive between GDX and GDXU, both are great, one is for short term and the other for long term, but given that trump will stay until 2028, long term seems a better option, what do you recommend though?
Still if gold goes up the gold miners will also go up, and all depends on how much time we have to hold the gold, I’m thinking of maybe 6 months or 1 year, so I’m thinking of GDXU, but still GLD and GDX catch my eye, one because of its price and the other because it tracks real 100% gold, what would you recommend though?
Yeah, I saw. It was quite the draw down today! Those large fluctuations come with the territory, though. As I commented to another person, GDX and GDXU can sometimes dump hard relative to the spot price of gold, especially if gold is fluctuating throughout the day. There have been more than a few days where both end up either near their opening price or even negative while gold is still up substantially at close. I'd like to exit GDXU around either March or April but may do so sooner based on all of the factors that influence gold. I have no set price point, since gold, by its very nature, is speculative and has few fundamentals.
GDX tracks gold miners, not gold itself. GDXU is leveraged - great for excitment, not for sleeping well long term. GLD tracks physical ( fee are a bit spicy) A mix makes sense: gold will swing, I plan to hold on and enjoy the ride.🙈🙈
I’ll probably buy gold, I’m thinking of GDX or GDXU
I bought some silver today (SLV) I’m thinking of buying in either GDX or GDXU, what would you recommend?
for absolute stupid-fun money, that you don't care if you lose, like 0.25% of portfolio, I bought NUGT a while ago which is a double levered ETF on GDX, I have no stop as it fluctuates massively (fell like 33% in October with the 10% gold pullback) - lots of fun
> Gold doesn’t pay dividends, but gold mining ETFs do! Glad I got in a year ago. GDX has tripled since then and I just got a fat dividend to boot. Sure it pays dividends but the majority of gold holdings aren't for dividends but for insurance. In a situation where a fiat currency goes down for example, you don't actually own anything, you have paper/electronic counter party risk. Whereas physical gold in someone's possession is an entirely different animal. It's like the difference between servers in your office versus the cloud. If the internet goes down for any reason an externa cloud is functionally useless to you.
it's levered gold, from 2011-2015 GDX fell 90%, so be careful, maybe use a 20% trailing stop
Gold mining does pay dividends. And it is up HUGE. 30 % ytd and this is still January. 150 % in 2025. 300% in 2 yrs. GDX all the way
Charlie Munger had a great quote about how liquor, ladies, and leverage can make smart people go broke. GDX already trades, most of the time, like either a double- or triple-leveraged version of the gold spot. GDXU further triples that. It's very easy to be on the losing side of a trade on short notice and be down 30-40% on GDXU in just a few sessions. There are also times when GDX becomes decoupled from the price of gold. If gold whipsaws throughout the day but ends up positive, then GDX can actually end the day negative and even stay negative on subsequent days. We've seen this happen several times last year, particularly when gold stayed pinned for weeks at a time.
That's not how pricing works. The price of a share is completely arbitrary. GDXU or GDX can do a stock split tomorrow, and each individual share will be "less", but nothing structurally changes. Definitely do not buy GDXU if you do not understand this.
Gold doesn’t pay dividends, but gold mining ETFs do! Glad I got in a year ago. GDX has tripled since then and I just got a fat dividend to boot.
Bought 30k each of SIL and GDX Jan 2027 calls last week wish I bought 60k each like I originally planned lol
I'm also equally bullish on GDX and GDXU over those same timescales. If gold rises by another 30-50% this year, then we will likely see another 100% gain for GDX and another 400-700% gain for GDXU.
I spent 10+ years in the industry working for these companies during the post-GFC bull run. I worked for all these solar companies. Let me tell you why ENPH will never hit 300 again anytime soon. *Do you understand WHY solar did so well for 10+ years?* The Fed kept interest rates artificially low after 2008 GFC: *"Saved the economy"* And, again post-Covid. *"Saved the economy, again"* Except they didn't factor in the effect: **INFLATION** (transitory, he said, lol) Investors were willing and able to pile in (and lose) cash into solar companies like *Sunrun, Vivint, Solar City*, etc. Solar companies were operating on **very** cheap money. *"But the Fed is lowering rates again"* Yes, which will also keep **inflation high**. Precious metals are pumping. Treasuries are being dumped. De-dollarization is in process. **The macro is much differen't "this time" for the solar industry.** Who in their right mind would light their cash on fire investing in solar companies, whether through stocks, options or direct capital investment into these companies? Only people that want to lose money. What home owner is going to actually finance solar these days when long term rates aren't coming down? What home owner would put up liquid cash to pay for solar when they could invest it at bare minimum in QQQ or SPY or better yet GDX and SLV? The "savings" from solar on your electricity bill are not better or equal to other means of investments. Solar is a not a "consumer staple" - you don't need it. You just want it. RIP SUNE, ENPH, SEDG, RUN, VSLR, SPWR, SCTY, TSLA, (their solar department is basically a skeleton crew) Residential solar had its run. The "golden years" of making 20k a month selling "free solar" to homeowners is gone. Investors aren't looking to pile in expensive cash into a failed business model. ENPH makes good products. But the economic stage is not set for ENPH 300 again, not anytime soon.
Yeah I already received a comment with GDX and GDXU, I understand GDXU will have better gains but it’s also 300$ more expensive, honestly I don’t know wich to buy
Yeah a leveraged ETF like GDXU tracks to the original ETF. You have to be cautious though, if it tanks you could get wiped out. But what are the chances of that happening with GDX in the short term?
So they technically are the same but with a difference in the gains? Like from what I understood GDX is good if u got little money, GDXU if u got a lot
GDXU is a leveraged version of GDX, meaning whatever GDX gains daily GDXU gets 3x that. If GDX tanks you’ll lose 3x daily, or GDX has a lot of volatility and goes sideways GDXU will decay, but if you have conviction GDX is going to keep going up consistently, GDXU is the clear winner.
It’s true, but giving that its value is already very high, what makes you think that the exact same thing can’t happen with GDX? It would be a cheaper and probably better option
It’s a 3x percent daily gain vs GDX whichever way you slice it.. Just compare the two on a chart.
Given the weakening dollar., Trump's erratic behavior, and the increasing US Debt, gold will continue to increase in price and gold miners (GDX) will continue to benefit.
I'm holding leaps in GLD, GDX, SLV, TSLA, GOOG, HOOD...and unfortunately IBIT. My cash percentage is probably too high. META does look undervalued, but I don't have high conviction, so I just nibble on the stock on red days.
GDX, has had a pretty good rise over the past year but what makes you think it will do the same this time?