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
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.
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
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
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
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
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
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
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.
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
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
Yesterday we showed the ETF charts that were at bounce points (if they were going to bounce). Today GDX and GDXJ are up around 4%.
We noted in NFTRH 336 that these ETFs had short-term support levels lower than where the prices stood as of the end of last week.
I wanted to give you the latest snapshot of the precious metals as we wind down into the new year. GDXJ is breaking above a