The 'C' wave down of an A-B-C bull market correction continues to look not only viable, but now more likely for the Gold Miners ETF, GDX. The price is dinging…
As a companion update to yesterday's look at the GDX seasonal (on average, positive in December since 2015) let's also look at the gold and silver seasonals, along with public…
The gold stock seasonal average is positive in December Of course, any given year can deviate. But this cool tool I just found with TradingView charts just idiot proofs the…
The gold stock sector has been getting the cleaning it needed. Thus far it has been a routine correction. But if GDX is in an A-B-C pattern, it could become…
The ratio of gold stocks (GDX) to broad US large caps (SPY) has work to do to recover However, recover I believe it will. Before the election the GDX/SPY ratio…
In NFTRH 839 we noted how important the 50 day averages would be in the precious metals. Especially for silver, which unlike gold, has bullish Cup & Handle pattern potential.…
Well, in NFTRH 838 I noted that my hold on the DUST miner hedge was probably tenuous. But today, the USD is proving that the holiday week moves were indeed…
With reference to yesterday's update on GDX, the ETF is still sitting below resistance and it is the weekend of a week that included a fair amount of noise, including…
The gold stock sector is bouncing after holding a key level at the uptrending daily SMA 200 (orange) and the former downtrend channel's top. A subscriber mentions the potential of…
I will be on the road for a good chunk of the day, so I want to put this picture up before I leave. In an NFTRH+ update yesterday, it…
Today GDX is dropping hard to fill the September 12 gap up at 37.41. It is also smashing into support at 37.30. This could contain the pullback, but using HUI…
We had reviewed something of a wedge or ending diagonal, represented by the lower red line. That is being broken this morning as the 50 day moving average is also…
From Sentimentrader comes the public optimism (OPTIX) reading. While we have noted daily HUI and GDX to be in pullback mode within the uptrends from March, this indicator - independent…
[edit] Half of heavy short/hedge positions (DUST) were covered for similar reason to why the position in silver was sold earlier in the week: not to be greedy. "Ideally", that…