Trade #3: Market Vectors Gold Miners ETF (GDX) - Sam Collins

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Trade #3: Market Vectors Gold Miners ETF (GDX)
Nov 07, 2009 08:00 PM UTC

Sam Collins

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
GDX		11/07/09	+12.41%	--

Via BloggingStocks:

Filed under: ETF Investing, Commodities, Stocks to Buy, Best Stocks for 2009

Trade #3 -- Market Vectors Gold Miners ETF (GDX) The Market Vectors Gold Miners ETF (GDX) attempts to replicate as closely as possible the price and yield performance of the Amex Gold Miners Index.

GDX is in a bull market with both the long-term support line and the 200-day moving average at near $40. Although this is a volatile performer, bouncing 10 points between the high and low of its bull channel, the volatility gives us a second chance to buy this stock at a good price.

Continue reading Trade #3: Market Vectors Gold Miners ETF (GDX)

Trade #3: Market Vectors Gold Miners ETF (GDX) originally appeared on BloggingStocks on Sat, 07 Nov 2009 15:00:00 EST. Please see our terms for use of feeds.

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