JDST, the 2x Inverse Return ETF for the Junior Gold Miners Index, has formed a Slanted Bullish Head and Shoulders pattern that is currently holding above the 21SMA. If it holds here, I can see it rising all the way up to $12-$17 as gold loses steam.
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...
GDXJ is still acting squarely in accordance with our expectations and has advanced into the magenta zone between $37.26 and $24.77, where it should soon finish wave ii in magenta. Afterwards, GDXJ should turn upwards, crossing $36.58 and heading for the resistance at $51.92. There remains a 30% chance, though, that the ETF could fall through the magenta zone and...
GDX seems to be doing a BIG UPCHANNEL started from the 2016 low & retested at the 2018 low. If this lower channel is to be retested, GDX may bottom at the 24 green zone. This is the most probable since this is also the 2016 VWAP & the FIB 0.618 retracement from 2016 low. However, if you look at the VOLUME PROFILE, then GDX may fall more to the 21 zone to create a...
After jumping down from its last high at the lower edge of the blue zone between $51.27 and $62.63, GDXJ has fallen below the mark at $36.58 to test the waters of the magenta zone between $37.26 and $24.77. We expect it to gather more downward pressure to advance deeper into the magenta zone, where it should finish wave ii in magenta. Then, the ETF should turn...
Is this a resumption of the bull trend for the Junior Gold Miners? Good volume a few days ago and on most of the time frames, it looks like it has hit support and has moved upwards again.
The gold market appears to have found its bottom and rallied back above 1800USD. This correction is over IMO. The senior producers have sold off and the juniors are quiet again. Its time to add to positions or establish longs in advance of widespread commodity re-pricing to higher levels. Gold will not be left behind this time. Austral gold is still hanging in...
TSXV:AGLD ASX:AGD Company's fundamentals have improved see latest quarterly report. over 8000 ounces inventory and gold is moving up. Management is using cash flow to drill and buy strategic properties near existing assets. looks like a long term cup and ahndle to me. handle well above the neckline, bullish IMO. RSI has shed below oversold from are cent high...
AMEX:JNUG . Gold Short Interest being at 16 year highs and all... (You know the deal -> just follow the arrows.) .
Resistance at $0.5 and $0.6 Support at $0.375
A BULLISH TECHNICAL DEVELOPMENT ON THE 15M JUNIOR GOLD MINERS GDXJ CHART AMEX:GDXJ AMEX:JNUG BMV:JNUG CURRENCYCOM:JNUG CURRENCYCOM:JDST BVL:JNUG BMV:JDST CURRENCYCOM:JDST OANDA:XAUUSD OANDA:XAUCAD AMEX:GDX AMEX:BTG NYSE:AUY BCBA:AUY AMEX:SILV NASDAQ:PAAS AMEX:SGDJ AMEX:SILJ SWB:G2XJ SOIURCE: www.investopedia.com What is a Golden Cross? The golden cross is a...
EXPECTING JUNIOR GOLD AND SILVER MINERS TO CONTINUE RETRACEMENT. I WILL REMAIN SHOR HERE. LOOKING FOR A NEAR TERM CONVERGENCE OF TREND LINES AND FIB RETRACEMENT LEVELS. "PATIENCE COMES TO THOSE WHO WAIT" -THE HAND OF GOLD
Nice cup and handle, but will it complete the pattern?