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. It's obviously a bearish look…
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 the SMA 50? Or do…
And for you gold stock sports fans, I'd say that this happy macro news has accomplished something for you too; it has forced a gap fill on GDX, GDXJ and…
A few observations on GDX when viewing the previous big time rally (which was probably the first move of a bull market that began in 2016). Click the chart for…
GDX Weekly Chart We noted the overbought status of daily GDX earlier. The weekly chart is also getting overbought. This leg has been vertical, after all. That is impulsive and…
Nothing has changed for me. As long as the fundamentals stay intact I am bullish. But since the gold sector came out of the gate this week still on a…
I make the point in the title because the real fundamentals that matter for the gold stock sector must be in line at the beginning of a real bull phase…
Impulsive rallies can be blow off ending signals when they come after long up trends and amid over valuation. One recent example was the January 2018 manic blow off and…
The simplest of updates to remind that the HUI/Gold ratio has remained intact throughout the sector pullback and that remains the case today as gold and silver continue to drop…
It does not mean that the pullback in the miners (and gold/silver) is over but it does mean that an annoying issue is being addressed today. HUI has not quite…
Daily looks in-market are not meant to be a science. It is longer trends that eventually reveal the logic of ongoing macro moves. But I do find it interesting that…
In yesterday's update we discussed HUI's acquisition of the 170 target. Personally, I also discussed wanting to be careful about trading myself out of a potential bull market. Still, profit…
A few interesting pictures 'vs. SPY'... Gold miners have risen vs. SPY since early September. Treasury bonds, hated by absolutely everybody (except maybe readers of this website) in September have…
A couple of interesting things here. As noted in the last update, gold stocks remain in the consolidation handle that began to form after the big blast upward. There is…