$VanEck Gold Miners Equity ETF (GDX.US)$ Hello Everyone, as ...
$VanEck Gold Miners Equity ETF (GDX.US)$ Hello Everyone, as my last post at beginning of today’s trading day I mentioned get ready for the next bull run and boy we had a nice up day. GDX up 3.5% for the day and gold at its all time high! Watch closely on the gold price tomorrow. If we can close gold price tomorrow’s trading day above 2,500 then the bull run will be confirmed. May have some short term fluctuations as we break key resistance level but overall we will be expecting gold moving towards 3,000 by year end and much higher after that next year and year after. So hold on to your gold investments. I am expecting major investment from institutional players flowing into gold after Fed’s 1st rate cut. Historically institutions hold around 2% of gold in their portfolios, however due to strong equity market in Tech and AI, gold holding is now down to 0.5%. So I expect those investments to start flowing back as we move forward. Let the institutions carry us up and enjoy the ride everyone!
Happy investing! Cheers
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Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
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