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. It's obviously a bearish look…
If you see any sources out there talking about a "hit job", an "attack" or other such language about the precious metals correction, especially in the miners, you should probably…
You may or may not know that I consider Bob Hoye an influence of mine. Many years ago his views, especially about the proper fundamentals for the gold mining industry,…
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Bueller? What is the difference between the precious metals rally of 2019 and the rally of 2016? Well, for one thing in 2016 as gold stocks bottomed and turned up…
So do you want to be an optimist and note the very normal looking pullback to short-term support? Maybe a pullback to intermediate support at the SMA 50? Or do…
In NFTRH we use daily and weekly versions of these charts to gauge not only the fundamentals of the gold sector, but also the broader macro markets. Here are the…
And for you gold stock sports fans, I'd say that this happy macro news has accomplished something for you too; it has forced a gap fill on GDX, GDXJ and…
It tells us it's bullish out there! Putting away the pompoms we see that Huey is hitting a zone of potential resistance on the weekly chart below (click to enlarge…
Contrary to majority opinion, gold and especially the gold mining stocks that leverage its macro status are not about inflation, especially cyclical inflation that runs with a positive economy. Making…
A few observations on GDX when viewing the previous big time rally (which was probably the first move of a bull market that began in 2016). Click the chart for…
It's nice to see an orderly pullback in this sector because that is out of character with the pullbacks of the 2011-2018 bear market. I'll leave aside specific pullback projections,…
You may know me as the... ...guy. The guy using the planets of an imaginary gold sector Macrocosm with proper fundamentals that are decidedly not imaginary but rather, are necessary…
GDX Weekly Chart We noted the overbought status of daily GDX earlier. The weekly chart is also getting overbought. This leg has been vertical, after all. That is impulsive and…
Nothing has changed for me. As long as the fundamentals stay intact I am bullish. But since the gold sector came out of the gate this week still on a…