fmx | metals | connect - Gold Miners ETF GDX and The Fibonacci Butterfly

Categories:: None

Tools

follow FMX on

Data Reports:: market snapshot; energy >> crude report; energy >> options report; energy >> natural gas report; commodities >> metals report; weather >> full report

<< Gold Extends Gains in Europe as Dollar Weakens | FMX | Connect Gold Options Report – July 14, 2011 >>

Gold Miners ETF GDX and The Fibonacci Butterfly

July 14 2011, 09:52

FMX|Connect- WWW.FMXConnect.com (Reported on 7/14/2011)

Gold Miners ETF GDX and The Fibonacci Butterfly

Source: EconMatters

One of the many useful characteristics of options is that the astute trader can design strategies to capture profit from predicted price action forecasts from a wide variety of technical indicators. I think it is helpful to have knowledge of several approaches to technical analysis in order to recognize patterns that other traders may not see.

Today I would like to introduce the topic of a technical pattern that is not commonly discussed and demonstrate its ability to give a high probability trade in a liquid underlying, the Market Vectors Gold Miners ETF, symbol $GDX. To read full article, click here.

To view our exchange reports and articles on your PDA or mobile device, click here.

-----

About FMX: FMX Connect is an information, data, and analytics portal for Commodities. The portal provides an all-in-one package including essential market data, independent third party research, industry news, and commodity trading tools. FMX Connect provides efficient, effective, and thorough data that bridges all aspects of commodities onto one screen. The Result; A user friendly application for hedge fund traders, OTC brokers, individual investors, and industry participants.

Note: The information presented, while from sources generally believed to be reliable, is not guaranteed and may not be complete. FMX | Connect makes no representations or warranties regarding the correctness of any opinions or information. Past results are not necessarily indicative of future results. Nothing in this report should be construed as a representation to buy or sell shares, futures or options, which contain considerable risks. For internal client distribution only. Any reproduction, re-transmission, or distribution of this report without permission is prohibited. Media correspondents or reporters may not quote any one page or section in its entirety and must attribute all quotes, ideas or concepts herein. Copyright FMX | Connect, ©2009-2011. All rights reserved.