Tag: GDX | Notes From the Rabbit Hole

Protected: NFTRH+; Gold Stock Sector Viewed From Several Angles

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Fed rolls over, gold miners shake off the doldrums and ramp. Some people probably buy the news and get steamrolled. Back to square one, which

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Yesterday GDX broke upward above resistance and filled a gap down from May. It must now use that former resistance as support in order to

GDX is threatening to break the pattern today. It has taken out the trend line and a clear of point 2 could set it on

Nice, the miners are going green after a tough start. But GDX has not taken back the SMA 50, which it lost this morning after

As we wind down toward the holiday weekend, let’s take a look at the situation with the GDX daily and 30 min. charts. Yesterday it

When they start telling you it’s a blow off move in GDX (and the gold miners in general) you might want to be a little

It’s just another new high in an uptrend that began over 1.5 years ago. That’s all. And guess what? The FOMO’ing at the mouth herds

Below is a larger version of the daily chart of GDX I’ve been using to update subscribers in-day in the NFTRH Trade Log notes, which

Rather than send too many emails, I sometimes use the Trade Log notes as a place to just get some stuff down on paper for

So 2 O’clock Charlie flew in and bombed gold? I was out while it happened but received a couple emails about it. It sucks to

Daily GDX has not broken down. I would not rule out a bounce to fill the gap above 28 and possibly test the SMA 50.

So do you want to be an optimist and note the very normal looking pullback to short-term support? Maybe a pullback to intermediate support at

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