I disagree with the author's conclusion that the odds are heavily in favor of the correction being over, but I do think that 90% of the risk has come out of the miners. HUI downside potential is to 180. That makes a good risk vs. reward with HUI having dropped below 200. To your question, I would use RING because you get free commissions with a Fidelity brokerage acct. But GDX, GDXJ are fine as well, with GDXJ having led the bull so far. Some people use leverage (I don't) and momentum trade w/ NUGT and JNUG. The problem with leveraged ETFs is that over longer holding periods their performance degrades, even if bullish.
I like your conclusion & remarks. Can I ask : Which Gold or gold miners ETF would you recommend getting into for the swing higher?
I disagree with the author's conclusion that the odds are heavily in favor of the correction being over, but I do think that 90% of the risk has come out of the miners. HUI downside potential is to 180. That makes a good risk vs. reward with HUI having dropped below 200. To your question, I would use RING because you get free commissions with a Fidelity brokerage acct. But GDX, GDXJ are fine as well, with GDXJ having led the bull so far. Some people use leverage (I don't) and momentum trade w/ NUGT and JNUG. The problem with leveraged ETFs is that over longer holding periods their performance degrades, even if bullish.