Opportunity in Gold
Looking at the Gold Miners ETF (GDX) and if it can respect support at the $21 price level then it could easily rebound to $23 to $23.50. Here is why: Since 02 Jan 2017 where the GDX broke out over this $21 level it has returned back to this same point about 10 times and each time it did, the ETF snapped back to $23 and beyond. The next couple of trading days will tell the story.
What's the play? We're buying the call options as a spread and if GDX moves to $23 before 20 Apr we expect more than a 50% returns. Emerald chasers just received the trade strategy in detail (instrument, expiration, strike price and cost per contract) right to their cell phones. Be come an Emerald Chaser now! by signing up for the Basic Options Course, it will change your life.
We shall update you shortly on GDX...I am an emerald chaser!
