GFI is an optimal pick when it comes to gold miners. The valuation is very good, and growth exhibited by the company this year exciting. The situation in South Africa has scared investors away, but I believe it will be a very interesting trend going forward. At the same time, this play serves as a risk off bet, which is welcome in the current enviroment. We are long with a 10% position from 14.09 as of today's open. Best of luck if joining me on this trade. The monthly trend is potentially up, and there is a chance to confirm a rally to considerable heights by the end of the month.
Cheers,
Ivan Labrie.
Kommentar
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Great trend, and it gave many pullbacks to add, or to trade around it.
Kommentar
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GFI bottomed after a retracement, should move big next.
Really good looking weekly candle coming together here.
IvanLabrie
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@I_see_BTC, I like the action today, I was short briefly, and flipped long again. Added today. You're in?
Cheers!
I_see_BTC
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@IvanLabrie, Yep. I grabbed some at the 0.618 @ 3.85. I love the upside potential. I actually didn't notice this one until you posted the update in Oct, so thanks for that! :-)
IvanLabrie
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@I_see_BTC, cool, welcome! It certainly is appealing, and the top holding of GDXJ. My targets are between $8 and $23. -long term-
coolingla
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Good spot.
SBGL is another good bet.
IvanLabrie
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@coolingla, GDXJ's top holdings...yes, I'm long both in fact.