GDXJ is called a junior gold stocks ETF, but its mainly comprised of intermediate producers, making it an ideal investment vehicle for a lot of gold bugs. A weekly close over $53 would target the $90 price zone. Short-term traders can play it with JNUG, and investors can buy the ETF and/or some of its component stocks. Like GDX, GDXJ is crushing the Dow. A breakout over $53 would probably create a scenario where a GDXJ elephant is stomping on a rancid US stock market tomato but really, thats already happening now!
Tags
stock
gold
versus
tie
Category:
Investing
Latest from this category |
|