Gold prices have been volatile, flucuating between $1,275 and $1,220 as markets remain indecisive on what stance to take: is the Federal Reserve going to continue hiking assuming the economy will "gradually improve," or with traders continue to look for safer locations to place there cash? According to recent capital flow data, the GLD has seen redemption as...
Despite what so-called gold bugs have been trying to predict for years, it still remains seen how valuable the most "hated" asset on Wall Street can be. Calls of $10- or $50,000 gold have made headlines and often laughs, but when investors take into account the supporting fundamentals, gold can be extremely beneficial during these centrally-planned...
Gold has pulled back slightly, but still up almost 15 percent since 2016. Traders don't believe the current rally as they look hopeful of more central bank quantitative easing, which is exactly why gold has had its run this year; and it is why I have been saying fundamentals have been strengthening for gold for roughly 16 months. After gold volatility hit...
NEM is a stock I bought recently that has seen some nice gains. For fundamental reasons this stock has looked very attractive for a long time. I recent bought as technicals finally confirmed what my fundamental analysis was telling me. You can see price broke out from channel, but found a bottom around 16.00. From there we broke short term down trend line, and...
Gold mining stocks have been trending higher, along with the overall U.S. equity market, of late. The recent support in gold prices allowed the Market Vectors Gold Miners ETF (GDX) a strong close last week, pushing 15 percent off the November 18 low. Gold mining stocks really get a pass from traders, and it is still early to determine whether the move will last...
Tried this stock earlier today and lost 1R. Got VERY close to our 2R target... If I lose on this trade, it will be the last day trade for me today! :)
IHS forming-broke resistance and 5/15 bullish engulfing candle. Back to $26.50 then up?
The GLD has seen inflows increase since the SNB debacle, up 1.57 percent today. If anything was learned last week when the Swiss National Bank (SNB) unequivocally shocked the markets is, gold is the ultimate central bank hedge. Gold has always been a go to during times of uncertainty, but it is the simplest way to hedge away currency and counter-party risk; and...
Gold is up 9 percent YTD. Gold is on a tear since I warned that negative price action was waning on January 6 (here). Gold has been able to overtake the $1,240 per toz. hump and chug along on global growth concerns. The IMF, just among the bunch, lowered the outlook for growth prospects; and the second largest economy – China – is pulling back, down to the...
I have been following and trading precious metals since their crazy run up in 2011. I have firm beliefs that the precious metals sector as well as the mining sector has bottomed out and that now is an excellent time to get in. For a while, price has had positive divergence with regards to momentum and this breakout of a long-term resistance TL stretching from...
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...
Bull cypher about to complete at $23.32.
Yesterday, Newmont Mining Corp (NYSE:NEM) filled an important gap on the charts, and came into an important trend line of support. As of late gold prices have been falling dramatically, dragging miners down with it. However, the metal as well as many of the leading miners, including Newmont Mining Corp (NYSE:NEM) are starting to set up for possible short term...
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
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NEM is at a support level on the 4 hour chart with price action that suggests that it may go up in the future. An option contract ending July would be good for this trade
The Newmont Mining Corp (NEM) weekly chart shows the following signs: The Price of NEM tries to make a bottom pattern for reversal but cut the Kinjun Sen down giving a bear signal when Barrick Gold’s Failed Merger Attempt With Newmont Mining. The MACD is reaching on bearish signal and the RSI is bearish too. The stock is under the KUMO Cloud. The only think that...