(A Top Pick Aug 18/17. 0%.) Basically, insurance on your portfolio during the summer months. The period of volatility is from the end of July through to the beginning of October, but volatility has failed to play out.
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.
Goldex Resources Corp. is a Canadian stock, trading under the symbol GDX-X on the TSX Venture Exchange (GDX-CV). It is usually referred to as TSXV:GDX or GDX-X
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In the last year, there was no coverage of Goldex Resources Corp. published on Stockchase.
On 2024-11-18, Goldex Resources Corp. (GDX-X) stock closed at a price of $0.055.
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.