How Long Would You Wait for 1,000% gains?

Several months ago, I began focusing your attention on the gold ETF, GLD.

I still hold some of the original option position I recommended – the Aug. 127 calls. They’re currently up over 600%, but today’s idea is even bigger.

Now is the time to consider another longer-term options trade related to gold, but not in the GLD ETF.

I think this trade has the potential to generate 1,000% in the next 6 months.

Keep reading for the details.

Gold and its ETF, GLD, are poised for another big move, and that’s part of the reason to expect GDX, the Gold Miners ETF, to also have a big move.

The GDX has lagged GLD in recent months, but now that it is trading over $25, I think that’s about to change.

Furthermore, the longer-term chart looks more promising for a bigger percentage gain than GLD.

Below you’ll see the weekly chart of GDX with a dotted line at the $25 level.


The move above this level creates a simple trade set up with a great reward to risk, that can be leveraged with long-term options, and profits from any number of potential global trends.

Based on the weekly GDX chart, this ETF could easily rally to $30 in the next 6 months.

If it breaks $30, then $40 (not on this chart) could be an easy possibility.

$30 may happen within weeks, but $40 will talk longer.

As a result, I’m looking at the January 30 2020 calls.

They are currently trading for just under $1, and if GDX moves to $30 within the next couple of months these calls will at least double.

A 100-200% gain is great, but remember that if the $30 is broken then it looks quite likely that $40 over the next 6 months is possible.

At $40 in the GDX, the Dec 2020 30 calls could easily be worth over 1,000%.

I think that’s worth wait until 2020 for.

Trade smart,

Rick Nartarian, Chief Investment Officer
The American Investor Daily