JustinBilyj

Double bottom forming in Gold Miners $GDX

AMEX:GDX   VanEck Gold Miners ETF
50 EMA crossing down over 200 EMA, 20EMA crossing down over 50EMA - $GDX (Gold and the miners) are going down from here. TTM Squeeze on daily chart so this should be a big move.
$GLD $GDXJ $NUGT $JNUG $SLV $JDST $DUST

However - since 200ema is flat and double bottom forming on the chart - this week would be a good time to buy back your calls and sell puts. Since this is a daily chart and the move looks large you could buy a straddle at the end of this week.

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