4:1 Reward/Risk Gold Trade with GDXJ

Picking a bottom in any market is tricky, but trading is not about being right 100% of the time. It is about finding trades with good reward/risk profiles and exploiting them. As the lottery ad says, "You gotta be in it to win it."
Thankfully, technical analysis means we have immensely better odds of profiting than anyone playing the lotto.

The gold market has been a widow maker for the past few years, as legions of bottom fishers have tried and failed to catch a falling knife. But now, gold mining stocks seem to be quite resilient and some are even bucking the trend in the U.S. dollar. (more)

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