The longer the correction has gone on the more it has moved from the look of a minor topping pattern to a potential consolidation pattern,
Tag: gdxj
NFTRH; GDX & GDXJ, Daily & Weekly Charts
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.
HUI, GDX & GDXJ Filling Gaps
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
Gold Miners: Volume Pukage Begins
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
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