Notice I wrote “begins” in the title. Today was the first real day of regurgitation with conviction. Long-term support levels are going out the window
Tag: gdxj
NFTRH; GDX & GDXJ Daily Technicals (med. priority)
Gold stocks are not responding well to the deflationary whiff in the air and I continue to think that is because they got caught up
NFTRH; GDX & GDXJ Status (med. priority)
A quick look at daily chart parameters for GDX and GDXJ. GDX has dropped to the SMA 50, which is a support level. The chart
NFTRH; Dialing in the Gold Miner Buy Zone
For we gold bugs in the NFTRH sphere, let’s have a specific update on a subject that is hitting my inbox a lately; a potential
Gold Miner Short Covered
I am not bullish on the miners as a group because the technicals are bear biased and the fundamentals are not nearly all in place.
Gold Stock Flags
Using the GDX and GDXJ daily charts, I thought I’d show some previous examples of bull flags so that now we can note potential bear
NFTRH; Gold Stocks, Daily Charts
Daily technicals with no cluttering fundamental or sentiment commentary. HUI hit resistance above 240 in the form of the neckline to a pattern that could
NFTRH; A Look at the Miner Bounce (GDX, GDXJ & SIL Daily Charts)
A technical update using daily charts for those micro managing the daily moves and shorter-term trends. Fundamentally, I like that the stock market and crude
NFTRH; Gold Stocks, USD and the ‘Inflation Trade’
Here we play the short-term technical game again despite the gold sector running against its own fundamentals (i.e. as the ‘inflation trade’, including mining cost
NFTRH; Pullback Parameters for GDX, GDXJ & SIL
The precious metals were due to pull back and here is a pullback. Please review this morning’s post for a look at how the macro
Are Diamonds a Junior Miner’s Best Friend?
GDXJ is going to break one way or the other pretty soon. It’s in a Diamond, which is a consolidation pattern, usually thought to have
NFTRH Update; HUI, GDX & GDXJ Pullback Zones
The daily charts of HUI, GDX and GDXJ below show pullback support zones as the (mini or maxi) reaction from over bought status takes hold.
Miner Short Covering… the Fallout
Yesterday we noted the end of day melt up as shorts scattered out of the way of a steamroller. That was a 3 min. micro
Miner Short Covering
Say, do you want to see what short covering into a market close looks like? It looks like this… It was fairly hilarious watching the