Sunday, October 23, 2016
Mining Stocks : Recovery of GOLD?
Listening to clips related to mining-stocks ... checking some of the stocks.
GDX is an ETF tracking gold-mining stocks which has bottom out ... and recently pullback to current support at USD23 . A good look into gold-mining stocks would be a good trading idea as prices of gold would recover from here.
One could LONG gold or buy gold's ETF (such as GLD). Or perhaps check on some of the gold-mining stocks trading in HKSE.
This is my tonight's homework before determining which to buy(and hold for positional trade).