Didn’t Barrick lost one of the gold mine in Africa several years back? I have some Barrick but most of my position is in GDX

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No need for Congress, no need for the "Supreme" Court, no need to vote, and certainly no need for an independent Fed either, right? Putin doesn't have to deal with such Democratic ideals, and the Trump/Musk/Republican regime clearly doesn't want to have to deal with them either. So, Trump will drive interest rates down (even though inflation remains closet to 3% than 2% ...) and I suspect gold will continue its epic run as the rest of the world loses faith in American Democracy and our currency. Still not too late to buy GDXJ (or GDX). GDXJ is already +133% under Trump's first year and it likely has much (much!) further to run over the next three years - or at least until it all comes tumbling down, in which case gold bullion buried in the back 40 may be the better strategy.

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Take a look at the GDX DD in the main sub; maybe the metal is starting the run predicted for February a bit early? Thought there was going to be consolidation for at least a bit longer before any move up without a serious trigger event.

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GDX is honestly garbage for wallstreebets Buy ASX listed miners if you want a lambo (they are priced for 3000 gold) WGX BC8 etc etc

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Honestly, hedging with some call options for gold GDX. Maybe some call options for NVDA by end of December or just buy NVDL.

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I'm heavy in Gold and GDX but man the miners are an emotional Rollercoaster, luckily trending up

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#TLDR --- Ticker: GDX Direction: Up Prognosis: Pressing long, load up on calls Catalyst: Post-Thanksgiving green day history + thin volume pump

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“Solid breakdown — central bank demand and falling real yields definitely make gold miners more appealing this cycle. Love the mix of GDX/GDXJ and low-cost individual names for leverage play. Fingers crossed the thesis plays out!”

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long term i agree , but i'm trading short term looking for a move down to 3960-4000, gold rising(but under performing) with risk on right now is unusual and it won't hold either IWM is gonna snap back hard & gold higher or IWM holds up with small pull back and gold gets slammed take your pick. This is only a small rotation of a few weeks to 1 -2 months.. Gold can do well again next year blasting off to new highs. Remember cyrpto got blind sighted with Uptober seasonal strength not materializing , well gold has its own seasonal strength window which starts now mid Nov- Feb, which can backfire all the same( if you think how can the pros screw over the most people it maeks sense to dump gold now from a game theory stand point). Then there is the fact that the stops have been run through 4100-4130, and now there is a crap toon of stops gathered on the rising support trend line and 4k , its just too tempting to not dump this even if its destined to go higher because they'll want to generate liquidity so they can buy for the long term ramp next year. If you believe GDX(miners) is a leading indicator to gold moves they sold it hard at the close .

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GDX 🗿

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