A brief video update of the GDX daily chart. Apparently some pleasantly disinflationary news (wholesale prices) is driving gold and silver this morning. Hmmm, right at a very key technical…
With a fundamental note that gold outperformed mining cost input crude oil quite well in Q4, which is due to be reported by miners in the coming weeks, let's take…
Referring to the November 28 update: The GDX Move, it's Implications and More Thoughts We noted... The conviction here is quite positive. This move could still have some upward real…
The next leg of the gold stock bull market is in play amid confusion, misunderstanding and noise Please see edit at the bottom of the article. The next leg of…
Unless today is an epic bull trap, which I don't think is the case, then the move above the neckline and SMA 200 has conviction and implies higher levels to…
Today the daily chart is pinging the key resistance area. If it can hold the neckline and SMA 200 (let's keep in mind the concept of bull traps/false breakouts) we'd…
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A brief video pointing out some aspects of the GDX daily chart during a holiday week. Holiday season is a time when market signals can get a little reliable, but…
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Gold stocks are not yet unique within the wider macro, but that does not preclude a move to 40 by GDX [edit] Interesting, however, that on the day this was…
GDX has taken on the posture of a freak bullish Inverted H&S The good news: Sometimes these bullish patterns actually work. The bad news: Just as often (to my eye)…
GDX is set to fill the lower of the two recent gaps. This was allowed for in previous updates, and is normal. This update also reviews key levels to hold…
Back to the daily chart to review what you probably already know. GDX (daily) is taking a deeper pullback as it appears the war trades (including oil/energy) are getting hit…
Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwind We have used this daily chart of the gold stock ETF, GDX…
A little daily chart micro management sees the first GDX gap fill this morning at around a 38% Fib retrace of the rally from the October low. The gap fill…
A little more micromanagement of GDX as the bounce/rally continues along. The correction is still technically in force and here we simply review what's needed to put it in the…