Carter Worth And Mike Khouw's Market Vectors Gold Miners ETF Trade

On

, Carter Worth spoke about the gold mining sector and he presented his technical analysis on

. Worth presented several charts of The Philadelphia Gold and Silver Index and he compared its performance with the S&P 500 Index. While the S&P 500 was in the uptrend the Philadelphia Gold and Silver Index traded lower. He also showed a recent move higher in

, which performed well on better-than-expected earnings. Worth added that it is going to continue to outperform other miners. On the chart of

, Worth showed that it is currently trading at its support and he thinks that it is going to bounce off the support. He is a buyer of the stock. Mike Khouw said that he was impressed by

earnings because the company posted lower-than-expected costs. Khouw wants to make a bullish bet by buying the June 21 call for $1.85 and sell the June 26 call for $0.45 in

. The spread would cost him $1.40 and the breakeven for the trade is at $22.40. The maximal profit is $3.60.