NFTRH+; interesting weekly gold miner charts
As you know, the daily charts are in gross looking patterns, having failed to hold support. HUI has filled its '212 gap' and also has a gap way down at…
As you know, the daily charts are in gross looking patterns, having failed to hold support. HUI has filled its '212 gap' and also has a gap way down at…
I'll take a subscriber comment from the previous update and apply the view to GDX as opposed to HUI in line with that subscriber's prompt. I know plenty of people…
The daily chart of GDX shows a bear flag (wedge) breaking down after it failed to take out the daily chart's SMA 200. This could be in prep for a…
Gold, silver and the miners in relation to SPY/SPX We all know that gold and its fellows have bottomed (minor or major)* vs. broad stock markets, and below is a…
Just a not so subtle reminder that the NFTRH service includes in-week updates, some of which are macro-oriented and some of which are micro-oriented like this now-public update about the…
Here is a theoretical plan for GDX. At least it is my rough operating guide for the near-term, subject to change as always. The Inverted H&S that everybody in the…
For you gold stock sports fans, per 15 minute charts... GDX and GDXJ are each filling the opening gap up. This is no comment about micromanaging a resumed rally (nothing…
Using fresh, un-marked charts for simplicity... It's right on cue, pre-FOMC. HUI is testing the 50 day average as expected. I make no remarks about bullish or bearish or the…
[edit] Of course, every big buy in gold is a "whale purchase" or some other legit sounding thing while every big dump is a "paper sale!" to manipulate the price…
GDX dumped the 15 min. support area around 32.25 but is making a hint to whipsaw back above it. Classic shakeout? In doing this it is making a would-be hammer…
Super simple. GDX is fillling last week's gap up per the 15 minute chart (GDXJ is similar). This area carries lateral support and should hold or the sector bounce would…
[w/ corrective edit] Daily and weekly charts of the two gold stock ETFs. GDX daily kissed the SMA 50 and SMA 200 goodbye and then kissed the neckline to a…
GDX/GLD ratio is not confirming gold's bounce And so, considering what at least has a chance to shake out as my preferred macro scenario - complete with gold herds, stock…
From the August 10th update, we discussed a bounce a coming bounce in GDX as a short/hedge opportunity for those who would short (I'd had multiple emails asking about shorting…