On Friday’s Closing Bell Najarian tells Dylan Ratigan," now I’m long the miners ETF (GDX) and short the GOLD ETF (GLD) against it. However, “if the spot price of gold [US@GC] breaks below $850 I’m out of this trade.”

On Friday’s Closing Bell Najarian tells Dylan Ratigan," now I’m long the miners ETF (GDX) and short the GOLD ETF (GLD) against it. However, “if the spot price of gold [US@GC] breaks below $850 I’m out of this trade.”

He also says options action in three mining stocks suggest they too could move higher; Ivanhoe Mines (IVN), Gold Fields (GFI) and Harmony Gold (HMY).

He also says options action in three mining stocks suggest they too could move higher; Ivanhoe Mines (IVN), Gold Fields (GFI) and Harmony Gold (HMY).

He also says options action in three mining stocks suggest they too could move higher; Ivanhoe Mines (IVN), Gold Fields (GFI) and Harmony Gold (HMY).

And if you’re looking for other trades Terranova says, “Cooper has remained resilient and silver has hung in there as well. If you want to play copper play Freeport McMoRan (FCX) or if you want to play silver do it with the Silver ETF (SLV).”

And if you’re looking for other trades Terranova says, “Cooper has remained resilient and silver has hung in there as well. If you want to play copper play Freeport McMoRan (FCX) or if you want to play silver do it with the Silver ETF (SLV).”

And Tim Seymour's play in this space is Teck Cominco (TCK).