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Market Vectors Gold Miners (GDX) Trading Near $20.10 Resistance Level

Dec 07, 2018 (Marketintelligencecenter.com via COMTEX) --

Market Vectors Gold Miners (<a href="http://www.marketintelligencecenter.com/symbol/GDX">GDX</a>) closed Dec 6, 2018 at $19.70 and technical indicators recently have been bearish. With those figures in place, the algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Market Vectors Gold Miners for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 17, 2020 $12 call and a short position in the Apr 18, 2019 $19 call for a net debit of about $6.58. This trade has an assigned return of 6.38% and 5.73% downside protection. For more a more conservative play, look at a covered call using the Apr 18, 2019 $19 call for a $6.58 net debit. This trade has an assigned return of 5.03% but the downside protection increases to 8.21%. Over the last 52 weeks the stock has traded between $17.28 and $24.86.A

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