My team of traders point out that the VanEck Vectors Gold Miners ETF (NYSE: GDX) has been forming a bottom over the past two months and is now on a long-term momentum buy signal.
Additionally, the MACD, shown at the bottom of the chart, just turned bullish on the weekly chart.
My team believes that a gain of at least 10% is likely in the next few months.
To best capitalize on this opportunity, my team says the January $20 calls in GDX could double in value as that price move unfolds.
© Chart courtesy of Today’s Profits. All rights reserved.