GOLD has reached my short-term target of $1,925.62 selling 70% of my accumulation averaging $1,679.25. Similarly, the VanEck Junior Gold Miners ETF (GDXJ) reached my short-term target selling 50% of my accumulation averaging $27.96 GOLD: 14.63% profit of 10% portfolio equity GDXJ: 44.83% profit of 5% portfolio equity I am keeping liquidity in Gold as my...
Time to short again miners. Most proable in bear trend for some weeks or even months. No new low. Important. But another corrective move that could be intense o continuos ranging down til April this year. So caution BULLs.
From my analysis this are my targets for the comming month. Mid December more or less, is my stimated time to get them GDXJ: fill the gar at that levels. GDX: Same, could reach 35$-36$ (now at 25$) And gold....back to somewhere close to 1.920$ Good times coming, and dangerous, as ususual. Good Times Tomorrow, Hard Times (The Long Ryders) www.youtube.com
plan to lose 100% of your money, since its JNUG calls but if it wins, it should pay a couple multiples.
Gold and Silver could move dramatically higher after the US Fed comments and the shift in how capital seeks safety. Precious metals have been consolidating downward for months. Now, it appears the Feds comments have shifted how traders/investors view precious metals. It is very likely this shift may prompt a very big upside price move. As traders suddenly...
... for a 3.16 debit. Comments: Closing here at 21 days. Total credits collected of 2.06; closing out here for 3.16 results in a 1.10 ($110) loss.
... for an .83 credit. Comments: Delta balancing. Total credits collected of 2.06. Resulting delta/theta 6.58/5.80 (as of Monday's close).
Move is not impulsive at all. But it will continue up. I expect it could only fill the gap at 40$ and then "finito". Time is mostly the same: second half of September. Gold: about 1910$ (futures) After this, another drop. and probably visit the previous lows, or could even go lower. Slow Show (The National) www.youtube.com
Gold looks ready to make another leg lower as prices challenge pennant support. A drop near the psychologically-important 1,600 level is in the cards.
"Reversion to the mean is the iron rule of financial markets." -John C. Bogle The gold price has some serious catching up to do, and will likely start the next leg higher as soon as the Fed is forced to pause its rate hikes. Gold miners will outperform in this scenario...
Gold is set to outperform equities as soon as the Fed pauses rate hikes in the coming months. Now is the time to back up the truck on physical gold and the miners and enjoy a multi-year run...
XAUAUD - Bullish reversal within a larger Ascending broadening wedge.
GDXJ is still hesitant to finally complete wave ii in magenta and is turning downwards again. As it can, of course, use the whole magenta colored zone between $37.26 and $24.77 to finish the overarching downwards movement, we give the ETF some more time to get its work done. However, as soon as wave ii in magenta is through, GDXJ should veer to the north, crossing...
First Majestic silver along with the rest of the mining stocks have been pummeled the last few weeks.. or months..er I mean years. It is my strong opinion that a rare opportunity has opened up in many of these stocks - historical. These monthly candles really help depict the birds eye view necessary to spot the larger patterns and trend. AG has been forming a...
The Bollinger Bands contracting inside the Keltner channel predicts an explosive move ahead that will last at least 8 days. Combine that with Newmont's Price Action creating a box which looks like it's breaking through. I would not be surprised if there was a retrace to the top of the box later today if action is aggressive, or Monday morning - then it's Sayonara...
... for a 1.23 credit. Comments: High IVR/IV at 53/49. 1.23 credit on buying power of 2.98. 41.3% ROC at max as a function of buying power effect; 20.6% at 50% max.
New cycle up is here in the sector. Major important bottom and miners will again move up for weeks. Acording to what i expect also for gold. A top will be around 45$ filling the gap there at the end of August, but could be extended in time to mid september also. So don´t short or you´ll find your Death in Las Vegas, gamblers... www.youtube.com
2 main scenarios I can see playing out in GDXJ. I Got in jdst a tad early but I feel it will play out in time. Maybe You can time it better. Good luck