Newmont Mining NEM to play catch up to the GDX Group
Risk 3% on the pair.
Target 10% return.
If the spread closes then the maximum gain is 21%.
The next step is to plot the ratio graph of these two (NEM/GDX) and make sure that is turning up.
I like the way NEM is acting here relative to the group and to the stock market.
Go long NEM and go short GDX. The profit is in the performance difference between the two. You only make money if NEM moves up more than GDX. The key is to put equal dollars into this trade.
Cheers.
Tim 11:32AM EST, Tuesday, March 4, 2014
Target 10% return.
If the spread closes then the maximum gain is 21%.
The next step is to plot the ratio graph of these two (NEM/GDX) and make sure that is turning up.
I like the way NEM is acting here relative to the group and to the stock market.
Go long NEM and go short GDX. The profit is in the performance difference between the two. You only make money if NEM moves up more than GDX. The key is to put equal dollars into this trade.
Cheers.
Tim 11:32AM EST, Tuesday, March 4, 2014
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.