Opinions
Larry Berman CFA, CMT, CTA
Goldex Resources Corp.
GDX-X
BUY
Aug 20, 2018
$0.500
Stock price when the opinion was issued
Golds
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
TOP PICK
It is 67% cash. We saw a crack on the price of gold – we cracked the line of resistance. Seasonal strength is end of July to end of October. We see early signs of producers outperforming the commodity. It is a play on volatility, which is seasonal this time of year. The Indian tax on gold will prevent the bounce in the commodity.
Golds
Advertising
It's range-trader. During flight-to-safety periods (as he expects in the next few years when market become unglued), gold will shine again with a good rally. He's added to his position. GDX is US-listed gold miners. Gold stocks vs. gold price are 35-year lows, and gold stock vs. the S&P 500 are as cheap pre-Recesssion (2005-6). It's a small hedge on a portfolio.