Gold Miners ETF (GDX)

[xNoahx]

There are already 90,000 calls for 80 dollar strike price on GDX compared to just 14 puts for on the Jan 18th 2014 strike price .... I have never seen anything like it

When I conducted my research I did most of it off of the GDX and the holdings within.

traders have bought to open nearly five calls for every put during the past two weeks

I have been watching it drop patiently for a year looking for the best entry points and almost got it.


I have followed gold and silver since day 1 of trading. I watched them go up a bit and rally. I watched the federal reserve pump it up and every time Ben Bernanke spoke silver and gold went up. Then I watched and waited for silver and gold to drop and drop and drop from months to buy levels. I was just going to enter the position and got mad that it immediately crashed bad and bought more. I was going to at let it rise a bit before I sold it. Most the work and research I did is already gone, I have been following them and missed the entry point by about 5 days because it rose about 40% after that. Here are a few things. The entry point was 20 or less and the exit point was 45-50 for nugt . gdx would need to go back to 45




Fund Domicile Breakdown
Canada 61.9%
United States 17.2%
South Africa 11.6%
United Kingdom 4.7%
Peru 4.6%

Fund Market Capitalization
Large (>5.0 B) 72.8%
Medium (1.0 - 5.0 B) 23.4%
Small (< 1.0 B) 3.8%

Fund Holdings (weight in %)
Barrick Gold Corp. ABX US 11.51%
Goldcorp Inc. GG US 10.74%
Newmont Mining Corp. NEM US 8.16%
Yamana Gold Inc. AUY US 5.26%
Silver Wheaton Corp. SLW US 4.98%
Kinross Gold Corp. KGC US 4.90%
AngloGold Ashanti Ltd. ADS AU US 4.69%
Randgold Resources Ltd. ADS GOLD US 4.68%
Agnico-Eagle Mines Ltd. AEM US 4.61%
Compania de Minas Buenaventura S.A. ADS BVN US 4.60%
Eldorado Gold Corp. EGO US 4.41%
Royal Gold Inc. RGLD US 4.35%
Gold Fields Ltd. ADS GFI US 4.26%
New Gold Inc. NGD US 4.12%
Harmony Gold Mining Co. Ltd. ADS HMY US 2.65%
Subtotal – Top 15 83.93%
Remaining Constituents 16.07%
Total 100.00%


Out of all of these I like Silver Wheaton

Operating cash flow increased during the last quarter to $254.0M from $128.0M, and the ratio
of operating cash flow to earnings has also improved.

P/E 14.92
Div/yield 0.14/2.28
EPS 1.65
Shares 354.61M
Beta 1.56
52 week 21.79 - 41.30
price 24.56

abx is the top holding and is at its 52 week low and getting a lot of calls currently.

Div/yield 0.20/4.00
EPS -0.86
Shares 1.00B
Beta 0.44