Any good trader or investor will tell you to buy low and sell high. Unfortunately, the masses tend to do the opposite- either because they follow the crowd into popular stocks/assets or they like something too much and make it personal (they believe strongly in something). In my opinion, the best way to actually measure value is to compare it to something. We...
A late "Week Ahead" post after a short road trip ... .
There aren't many options liquid underlying volatility contraction plays on tap this week. COST (35/38/6.8% (October)-10.1% (November) announces on Thursday after market close, but the volatility metrics aren't the greatest for a contraction play with 30-day at 38, the October monthly at...
FIRST DERIVATIVE MAP I'VE MADE IN A WHILE, ACCIDENTALLY HAS PRIVATE SETTING ON, SO THIS IS THE PUBLIC VERSION.
This is the most sophisticated process for derivative map I ever had. From a human perspective, it literally cannot be improved upon unless the person making the map is a machine. Because of the prep work involved, I only detailed this map...
For me, this looks beautifully setup for nice GDXJ out-performance for the next few months. Rebalancing accordingly.
Fundamentals for the juniors are solid, as well as this nice technical setup. Looking strong.
Any contrary thoughts?
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GDX H1: SWING: Accumulation / BUY DIPS 20% gains...
WHAT HAS CHANGED SINCE 9/04? NOT MUCH.
Blue route is strong favorite, after everything has been considered. This means sideways to up and breaking 2075 by 10/07, topping 2500 zone in early November. This would be followed by roughly 20% correction that would take 60 days to complete in an EXTREMELY heart-breaking manner.
The black route is the most...
After its bounce, Gold started to descend as the dollar is showing signs of bouncing back up.
Should stock show signs of weakness, it will bring this down...
50% FIB target around $43
Same analysis applies to GDX but target is different.
Disclaimer: The above is just an idea, not an investment advice. Do your own diligence, trade safely and stay safe!
- The Fibonacci Extension from the previous bull run should continue to be the frame for Gold's price action moving forward.
- OBV (On Balance Volume) on the macro level is trending upward indicating that the buying pressure outweighs selling pressure.
- OBV on the 4hr chart shows the recent sell off has corrected back...
Gold needed to cross below daily 50ma in order to go higher. Also, this appears to be the beginning of the breakout from the wedge. It looks like a whipsaw. I expect gold has a short term bottom here and will be up over the next 5 days. I don't think we are starting the next leg up over 2K. We need to wait about 4 weeks for that. I don't know how bullish of...
Tracking gold, one can buy GDX, the Gold Miners ETF, and the associated specific funds.
Having tracked Gold closely for the past three years, the white arrow marks a rough but a real exit point.
Today the perfect storm is set... and pre-opening shows a gap down type of breakdown.
Previously explained why and how GDX would not be doing well and when it should be...