from the current valuations - if the 1-2, 1-2 is valid ---> a risk to reward of 12 to 1 could be reached
Which instruments behaves like Silver? Just have a look at the 90% Correlation to Silver. If you are bullish on Silver, you have to be on GDXJ as well.
The bear leg could have probably ended. Confirmation should come next week if it begins to move up sharply as I think. In short term (two weeks) back at 38$ And probably end of May back to 48$. Again GDXJ is on major support and this last week was a tipical shaking move before a large one. The sector is moving up, and up, but remenber always that corrects in a...
First down from here to 30 more or less. Could be 28, could be 32. Early to say. Then up....again The Rapture www.youtube.com
GDXJ, on the break above $52, would validate a bullish reversed Head & Shoulders pattern with a target in the $86 area.
Time to short again miners. Most proable in bear trend for some weeks or even months. No new low. Important. But another corrective move that could be intense o continuos ranging down til April this year. So caution BULLs.
A major bottom in place. Both miners and gold. But this time, miners will outperform gold, and eventually go to new all time hight. SOmething that gold already did, but miners hasen´t. So. Don't think too much. Time to invest. Trade little. There could be two or three times too exit for a while, and continue the ride. Sometime during next spring my target for...
From my analysis this are my targets for the comming month. Mid December more or less, is my stimated time to get them GDXJ: fill the gar at that levels. GDX: Same, could reach 35$-36$ (now at 25$) And gold....back to somewhere close to 1.920$ Good times coming, and dangerous, as ususual. Good Times Tomorrow, Hard Times (The Long Ryders) www.youtube.com
Weekly still looking strong, Daily chart back in buy mode.
Looking bullish First target 35,19 Second target 37,40 Stop loss below neckline
GDXJ in solid uptrend with seasonally in its favor. November to April strong months.
... for a 3.16 debit. Comments: Closing here at 21 days. Total credits collected of 2.06; closing out here for 3.16 results in a 1.10 ($110) loss.
... for an .83 credit. Comments: Delta balancing. Total credits collected of 2.06. Resulting delta/theta 6.58/5.80 (as of Monday's close).
Move is not impulsive at all. But it will continue up. I expect it could only fill the gap at 40$ and then "finito". Time is mostly the same: second half of September. Gold: about 1910$ (futures) After this, another drop. and probably visit the previous lows, or could even go lower. Slow Show (The National) www.youtube.com
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 $24.77 to finish the overarching downwards movement, we give the ETF some more time to get its work done. However, as soon as wave ii in magenta is through, GDXJ should veer to the north, crossing...
... for a 1.23 credit. Comments: High IVR/IV at 53/49. 1.23 credit on buying power of 2.98. 41.3% ROC at max as a function of buying power effect; 20.6% at 50% max.
New cycle up is here in the sector. Major important bottom and miners will again move up for weeks. Acording to what i expect also for gold. A top will be around 45$ filling the gap there at the end of August, but could be extended in time to mid september also. So don´t short or you´ll find your Death in Las Vegas, gamblers... www.youtube.com