Gold is looking more favorable, and this ETF gives you wide exposure.
VanEck Vectors Gold Miners ETF (GDX)
From Jack Adamo’s Insiders Plus
Gold is holding above its golden cross and the $1300 milestone. I am not fully certain it will remain above these marks, but the risk-to-reward outlook seems quite favorable at this point. Miners with good results recently are being generously rewarded.
At the moment, I’m satisfied with the individual miners we already own, although I’m still considering small positions in a few others. However, right now it’s easier to make a quick decision on the industry as a whole.
The VanEck Vectors Gold Miners ETF (GDX) is the way to go. I recommend moving in immediately. We may still have to ride out a few bumps and reversals, but I think the road ahead will take us where we want to go. Buy the Van Eck Vectors Gold Miners ETF up to $22.50.
Jack Adamo, Jack Adamo’s Insiders Plus, www.jackadamo.com, January 29, 2019