Not sure which way this will move (but I would learn towards up). The chart & the indicators all seem to point to a big thrust in one direction or another soon. Probably need to watch rates & the dollar closely to get a clue as to where gold and gold miners are heading.
PPP posted better than expected earnings for Q1. If gold continues to hold up, this could hit $5. If it falls below the Blue uptrend, I'm out.
Real break out? This is usually good for a few dollars when price moves over the 50
I know nothing of gold except what ZeroHedge tells me to think, but, boy, that's a lot of volume. Maybe time to ease in this or NUGT if you think an up trend is beginning.
Newmont Mining (NEM) is consolidation within a sideways channel after making a clustered double bottom. Volume has dropped off as the trading session nears its end, but price action remains rather positive. The 4H chart shows that price has been able to breach resistance at $20.28, which is just more supporting evidence that a breakout close is needed to confirm...
The Junior Gold Minors GDXJ finished a wave 3 down on the daily chart. It has now completed an abc correction into wave 4. The MTPredictor indicators generated a TS2 automatic sell signal at 27.14 with a stop at 29.77. The initial target is 21.99 which is the minimum wave 5 target. If price does not hit 27.14 (the entry) and instead moves above 29.77 first,...
If you look at the over sold levels, along with the price moving against the ichi signal you will see the stock is poised for some gains. I don't think this will be long lived, gold will force this lower again before taking off for long distant bullish nature.
Another chart indicating the bottom in gold stocks is near. Here Gold Miners ETF price reaches the level last seen in the middle of 2008 credit crisis - the multi-year bottom.
Gold miners stocks seem to be extremely undervalued. Some technicals indicate the bear market is going to an end, as gold stocks approach the lower edge of the 3-year PnF channel and they are about to bounce.
The accumulation is actually up, which hopefully means people are buying at this level, establishing a new support. I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at. Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
You will see this base across many gold related stocks including the miners. Looking for a continued move higher out of the base. Will most likely use the daily stochastics to time exit. If we cross back down on the daily stochs I am out . also Like the GLD, and holding GLD
JNUG has been in an ascending price channel since near the beginning of June. As of 7-23-14 12CST, it is nearing the bottom of that channel. Currently indicators such as EIS, PSO, BB Impulse, MACD (see indicators underneath price chart) indicate downward price momentum. However, there are some indications that some of the indicators could reverse. Should the...
Recently, the gold and gold mining stocks have surged higher over the past three weeks. The highly followed Market Vectors Gold Miners ETF (NYSEARCA:GDX) jumped higher by more than $4.00 a share since May 29th, 2014. Today, the Market Vectors Gold Miners ETF is trading lower by 0.37 cents to $25.90 a share. The GDX is now overbought on a daily chart, so a pullback...
A Gartley and a Cypher pattern is pointing to the same exact destination for a sell reversal. We have previous structure at $31.31 & $29.38 coupled with confluence with two 1.27 extension ratios. $29.95. and $28.96 at the .786 retracment will be our kill zone. ****************************************************************************** For inquires of...
The longer term chart looks like this stock is going much higher based on the massive amount of buyers coming in. It is much stronger than its sector and has the Canada Pension Fund as one of its big investor. I'm sure they did their home work before plopping down $550 Million of its members money. The low volume test that we had last week meant that there were...
This stock is stronger than its whole sector including gold. Gold is in a down trend while this gold mine is in an uptrend. Look at all that massive volume coming in this quarter, it may go to new highs this year on this massive volume. We just had a very low volume test back into the high volume bar and there is no more supply and is ready to explode tomorrow....
Based on the fundamentals and the technicals, i think this stock will make new highs. The Canada pension fund was willing to buy on these highs so they are expecting much higher prices to come. The Quarterly chart looks even more bullish with the huge volume coming in. The gold seasonal run is supposed to happen soon, but even without gold rising this stock is...