October 5, 2016
Trades & Tutorials
By Geoff Bysshe
This year’s rise and fall of the Gold Miners ETF (GDX) should catch every trader’s attention who would like to profit from big trends without having to be an active trader. This is because, when very few areas of the stock market were working earlier in the year, GDX provided a big trade.
Gold’s mining stocks ETF (GDX) has been one of the hottest sector ETFs for much of 2016, but all good things eventually come to an end.
Fortunately, when one sector falters, there are usually others that will take over as the trend to follow!
Yesterday GDX suffered its biggest one day drop in well over a year, and its volume exploded to its highest level ever.
So now what?
In this latest Trades and Tutorials video I’ll show you the GDX trend from a different perspective, and you’ll discover that new market leaders had already emerged before this week’s collapse in GDX.
It may even be GDX! But I suspect that will take a little time to develop.