One thing that I have noticed, is that the gold mining stocks and ETF’s have been outperforming gold, which had a great run the first quarter of 2016. GDXJ, which is a gold mining ETF, is up over 80% since the beginning of the year. The Simpler Stocks Trend Trading system has had several winning trades this year in GDXJ. The last trade we entered the same day the squeeze fired long, and was out in 2 days for a 10% profit. We had another setup but priced gapped up on the open and we did not chase it. Do not chase trades. There will be other trades to take. If you missed a trade and it is in a strong trend you could sell credit spreads. Put credit spreads for a strong up trend and call credit spreads in a strong down trend.
Some other gold mining ETF’s are GDX and NUGT. Just understand that NUGT is a leveraged ETF and much more volatile than trading GDX or GDXJ.
No one on the financial shows like CNBC and Fox Business has really talked about the move in gold this year. Why?
I hope this was helpful.
Take a deeper dive into Trend Trading with Tucker Stipe in the Simpler Trend Trading System.