I went over to the Indicator Charts page and fiddled around a little. I added 50 and 200 day moving averages to the GDX/Gold ratio and came up with a…
GDX did indeed roll over and crack the SMA 50, as we had been watching for. Then there was a day of bouncy relief before today's renewed downside. The A-B-C…
I don't know what the reason may be. Warren bombing Warsh? The typical cease fire on/cease fire off war wrangling. A combo? Or maybe just the technicals, which were and…
Before getting into the technical targeting of this update, I want to repeat that the macro view for gold stocks is different this year than it was last year. In…
Yesterday GDX poked the target zone of 108-110. Now it is decision time. Reviewing the factors in play, we anticipated that a bounce could very well coincide with earnings season,…
We had a long and prosperous rally in gold stocks for the right fundamental reasons. When the Silver/Gold ratio bottomed and turned up it introduced inputs of massive speculation and…
Gold stocks rally with the broad market, and continue leading it The gold stock sector has not been unique since the spring, when it was relatively strong while cyclical markets…
I don't want to use holiday seasonals or any other excuse. In being open to, even favoring a hard decline to clear the sentiment pipes, if the Silver/Gold ratio takes…
The preferred theme for the precious metals has been for a test of the highs. Gold made a bounce to 4245 vs. the previous (and all-time) high of 4381. GDX…
A correction was going to come, it is here and as previously stated, we must now understand its nature from both macro-fundamental and technical vantage points. Macro-fundamentally, while I can…
Folks, the theme of the previous update is now past-tense. The opening gap on GDX is already closed (5 minutes into the regular session) and I for one am glad…
Taking a look at the daily chart of GDX, let's note a few things. The daily chart is becoming overbought. Recall that we recently noted the monthly charts are quite…
Yesterday we looked at the gold price. This morning let's take a look at GDX, which is still normal. Let's look at some parameters needed to keep it normal and…
It's not rocket science. We are going on technicals now, with the macro-fundamentals having taken a hit on the recovery in cyclical markets that was in the bag ever since…