No one talks about it because this is WallStreetBets. We make risky, regard investment here.
All jokes aside, GDX is not a bad stock to invest during these time especially if you are new and have no clue what you are doing, but you still want to have a chance to make money. Just buy 1 year calls.
planning to buy leaps call on monday.. weakening dollar, possibly rising inflation with rate cut..i think gdx/gold in general has good potential, same with slv
I've been trying to talk about GDX (well technically EPGIX) since February, but the moderators often delete my posts.
GDX up 104% YTD.
GDXJ up 105% YTD.
SIL up 100% YTD.
COPX up 39% YTD.
This has to be institutional investors recognizing a significant undervaluation and current prices. We should be riding this to the top.
Planning to hold for at least a year (been holding since April). Somewhat arbitrary length until I can due more DD to increase conviction. Holding gld, gdx, and gdxj
Gold is only up 0.75%, not even at a new record high, but the $GDX is up 4%, hitting a new multi-year high. $B is up 9%. It's not often you see a move like that. At the same time, Bitcoin is down 1.5%. It's clear investors are rotating out of fool's gold into the real thing!