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...
GLD looks like it has room to run so a breakout of this area is good odds and a potential long buy for PAAS, AUY, NUGT...
I tend to look at patterns in a stock, to look for clues for when a repeat is happening. I look at GDX and I see similar, although not as dramatic patterns. Take the candles from the RED box and overlay them where we are now, this would be the GOLD candles. Now look at the smaller blue boxes, I think we are in a similar place and pattern as the previous BLUE box....
Gold Miners ETF GDX getting set for a run higher. After 14 days of a 1/2 cycle its in the timing band to run higher. Note the previous 1/2 cycles don't exceed 14 days. The RSI is very oversold, at levels where the direction turned. I've noticed with these ETFs there is a run up for a few days then a retest (the red dotted arch. Then we should be off to a 78.6%...
I have reviewed using DGLD & DSLV as a hedge against holding PMs during a decline period. I would appreciate any comments on why this might be a poor choice over 3 to 6 months. I know there are decay factors, but moving in and out of physical carries fees and premiums, so selling and re-buying also has a cost. I know NUGT/JNUG and DUST/JDST are often good...
Friends, With recent news of $GLD from Stan Druckenmiller positioning, I decided to pass the ETF through the Predictive/Forecasting Model and other technical screening combs: PREDICTIVE/FORECASTING MODEL: The "Model" suggests a higher-probability decline with the following targets: 1 - TG-Lo = 97.65 - 17 AUG 2015 and 2 - TG-Lox = 86.37 - 17 AUG...
DUST-Here is what I am seeing in DUST. Look at the horizontal blue line at the bottom. The last two times there it bounced higher pretty good. Notice the red circles, the last one is where we are now. Notice how it goes up, then kind rolls over and comes down a bit? I think that's whats happening Today. I put in the gold candles to show you what DUST did in a...
In " Gold Leaps Higher as Worries Mount ," I briefly pointed out how those very same institutions that championed quantitative easing policies implemented by the Federal Reserve are now coming out to proclaim quantitative easing added no substantial benefit to the real economy . Gold was pushed lower on the assumption that central banking policy would all pan...
Ratio needs to found support in breakout area
Possible Shark pattern forming with expected high of 19.00. Many smaller patterns supporting move higher in miners. Look for 1st target at 15.74 at point D of smaller harmonic pattern.