NFTRH+; GDX Parameters
The partial hedging I have in place (DUST) is a necessary evil in doing business as a risk manager. It helps that my portfolios are doing very well on the…
The partial hedging I have in place (DUST) is a necessary evil in doing business as a risk manager. It helps that my portfolios are doing very well on the…
In yesterday's update we noted that the HUI index and the ETFs were still in corrective consolidation. After a gap up this morning, that remains the case as they have…
Despite the big up day, HUI (daily) remains in consolidation. GDX (daily) remains in consolidation. GDXJ (daily) remains in consolidation. Captain Obvious's bottom Line The gold stock sector remains in…
A little in-day micromanagement for your viewing pleasure. The correction grinds on and folks, the miners have needed this, a running of the bugs. HUI dinged the 375 target and…
In-day micromanagement... GDX 15 minute gapped up to fill the upside gap from last week and promptly dropped again to fill the opening gap. Where does it go from here?…
[edit] A chart was uploaded to the Trade Log Notes showing the GDX gap filled already. From a subscriber just now... Gary – Hate to ask it, but could you…
Let's look at the gold stock sector from a few different angles. First, its leadership to SPX, which is fully intact (daily chart). It's leadership to gold, which is getting…
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 on a daily chart is…
A subscriber asked how far I thought GDX and GDXJ might pull back. Well, assuming a pullback continues after yesterday's gap fills I've marked up the short-term support levels at…
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 keep the most comfortable scenario…
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 its way. We've been noting…
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 dumping out of a bear…
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 dropped down to test short-term…
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 suspect of that proclamation. After…