A Big Trade Is Setting Up in These Small Stocks

Source:

"The mining stock correction has arrived. Smart traders will use this correction to put on more mining stock trades."

The gold stock "pause" is on. . .

In August, gold broke out of a months-long trading range. . . and climbed about 10%. Gold stocks followed suit. From mid-August, the big gold stock fund Market Vectors Gold Miners ETF (GDX) jumped 23%.

But over the last few weeks, our colleague Jeff Clark has been warning gold traders to watch for a break in this rally. And gold has played out exactly like he expected. . .

The metal is down $50 off its highs over $1,790 an ounce. GDX is down about 7%. And Jeff believes there’s more downside ahead. If he’s right, there’s going to be a great trade in small gold stocks…

To sum up, the mining stock correction has arrived. Smart traders will use this correction to put on more mining stock trades. . .View Full Article

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