GDX Gold Miners Weekly Chart

GDX is the long gold miner ETF. GDXJ is long the junior gold miners which is prone to more dramatic moves and also allows exposure to any potential takeover spikes in the junior companies. There are many individual gold plays including NEM, GG, ABX, GOLD, RGLD, KGC, IAG and on and on. MUX remains a long-term favorite of Keystone's. NUGT is a 3x leveraged long gold miner ETF and DUST is the 3x leveraged short gold miner ETF but these and all 3x ETF's plays should be avoided as trades across the board.

NEM is enjoying a ride higher in April. GDX is up +4% this week and stringing together a respectable rally off the March low more than +10%. Price is fighting at the 20-week MA at 19.97 and the RSI is at the 50% pivot making a decision. Gold and the gold miners are not attractive currently due to their sideways choppiness and it is more prudent to wait for price extremes to ferret out a trade. Gold miner bulls win with price above 20 moving higher and the RSI above 50% moving higher. Gold miner bears win under 20 and with the RSI under 50% and heading lower. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.