Volume is a go price is a go APO is a go Macd is a go get ready.
Green box: 130.67-133.63 Watch what gold prices do with a third eye.
Where did this all come from? Dramatic market moves this past week even crashed silver and gold. Bonds were the only investment instrument that went unscathed. So much for the diversification theory that gold and silver would remain uncorrelated and offer protection in a weak market environment. Past debacles have shown that when margin call liquidations enter...
NASDAQ:RGLD is one of the leading stocks in gold mining industry. It started major rally earlier than majority of other miners last spring. And was one of the first stocks to caution that pullback is likely in AMEX:GDX in January 2020. Right now it sits right near major support level, and in bullish scenario this is constructive level from which new leg higher...
RGLD Long play $114 Entry. Stop $112. Looks like it bounced 200 MA twice and it may move higher, it rejected 20 MA recently on daily. Earnings coming up, gold has been booming. RGLD may print better than expected earnings. I'll hold through earnings and double down if it breaks out past the 20EMA+50EMA into a strong pattern or into congestion around it.
135/125 Put Spread Gold is sky rocketing while Trump and Friends are making some progress with the Chinese SPY is rising on good news so is the SSE and gold is plummeting Put Spread $3.8 Cost (PRICEY) 10 point spread. $250 max loss max gain is $310. Max loss is possible if GOLD keeps rising but since its sinking could be good for me.
Put Spread on RGLD Cost is expensive. $2.21 5 point wide, exp nov 15. Max gain will be $3.21 and max loss is $150, $100 gain if Its in a money on both spreads. Target exit will be $114
Folks, we hate to burst the bubble but... Has anyone looked at the charts of the GOLD and SILVER stocks? RSI, MACD and Stochastic indicators are so over bought, it is alarming and sounds the DEATH KNELL for both sectors. Anyone telling you differently has no idea what they're talking about. To top this argument off, the big companies like GOLD and NEM are...