GDXJ Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: GDXJ may see support due to high trading volume (98th percentile) and positive sentiment metrics, suggesting potential upside if gold strengthens. Current flattening volatility indicates reduced market risk.




Bearish Case: Despite bullish indicators, ongoing economic pressures and high implied volatility may trigger significant downturns, especially if gold prices decline or if geopolitical issues arise.




Potential Outcomes:

1) 55% chance GDXJ trades rangebound;

2) 30% chance GDXJ drops if gold miners sell off;

3) 15% chance GDXJ rallies if gold gains momentum.




Trading Oracle: Execute a bullish short put spread by selling 1 $46.00 put and buying 2 $44.00 puts, leveraging the 68% probability of profit and capitalizing on time decay. Align this with a short-term bullish sentiment and low implied volatility conditions for maximal impact.



November 14, 2024


VanEck Vectors Junior Gold Miners Forecast

GDXJ        VanEck Vectors Junior Gold Miners











Correlated Assets

Assets that tend to move strongly with GDXJ



JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (0.99)


SILJ Forecast + Options Trading Strategies   SILJ  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.99)


KGC Forecast + Options Trading Strategies   KGC  Kinross Gold (0.98)


SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (0.98)


AGI Forecast + Options Trading Strategies   AGI  Alamos Gold (0.98)



Uncorrelated Assets

Assets with little price relationship to GDXJ



ABT Forecast + Options Trading Strategies   ABT  Abbott Laboratories (0.0)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (0.0)


VEEV Forecast + Options Trading Strategies   VEEV  Veeva Systems (0.0)


CP Forecast + Options Trading Strategies   CP  Canadian Pacific Railway (-0.0)


TTEK Forecast + Options Trading Strategies   TTEK  Tetra Tech (0.0)



Anticorrelated Assets

Assets that tend to move strongly against GDXJ



DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.88)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.88)


PGNY Forecast + Options Trading Strategies   PGNY  Progyny (-0.9)


SAGE Forecast + Options Trading Strategies   SAGE  Sage Therapeutics (-0.9)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.91)









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