miners have re-entered my "I'm interested" zone. I think 2020-2021 has very good things ahead for the miners and the things they mine exciting $nugt $dust $gdx $gdxj $jnug $jdst sorry for the ugly chart
it it stays there in this line boxed for a while I don't mind at all go long in between the lines
Sure looks like a break out to me. Pick up some JDST as gold and miners drop into the next ICL.
Consolidation complete. IHS and bull flag suggesting another leg up. Targeting 17+. Would love to see test of last month's highs above 18. Gold looks like ready for a 1450 test, possibly even as low as 1413.
JDST looks to be bullish, making higher lows in the recent weeks. Couple reasons why I think it's on the uptrend: - Phase one of the China trade deal concluded bringing some stability to the world economy; generally this should reduce the demand for gold, lowering prices and increasing JDST, a gold miner BEAR. - Gold prices have a very strong resistance around...
End of the current JDST trade. Got right up into that 34 day ema and closed right below. Great 30% swing here. No solid break or close above so sell to take profits best idea. Love the gold plays on the 3x lev's.
GC still holding the trendline pretty well with a "zone" to match. Could be an easy entry. Loking for this to rise maybe overnight up into the trendline/zone with a drop to follow. Could see good prices on PUTs if this happens and catch it off the rise. Any positions held nust be patient. Trend is your friend "until the end"
Two day swing held. Still looking a GLD and /GC, i think we can push to the 34 day EMA. Alkost a 30% move if so. Golds slightly easier to play than most. Everyone should have a gold.play in their bag.
... and the junior miners will not be an exception too... If the sector is going down the juniors will drop too. We have the same indicator divergences: GDXJ was underperforming in this intermediate cycle. While GDX almost tagged the 2016 highs GDXJ was not even close to it.
Gold/miners to pull back? Long term bullish but a correction should be welcomed by bulls $gdx $gdxj $nugt $dust $jnug $jdst
Gold's 6 year long backtest is nearing an end. JNUG/JDST likely to reverse and reconverge at mean.
GDX is still 12% below its 2016 highs, despite Gold having already surpassed its 2016 peak of 1375 by roughly 5%. On top of this, the GDX having more exposure to unhedged miners should result in GDX out-performing the HUI hedged senior miners in a bull market. This is not the case, as the GDX is actually under-performing the HUI. Highest probability assessment...
Look at the RSI. Also here is an update on some charts I have done in the past. I still have a $1500 high coming and a $1300 low in gold. Atleast what the chart has given me so far. The pullback typically happens toward the end of the year. We will see. -Coach Reevs
I'm anticipating the FED not cutting rates - this will cause other central banks to cut, which will force the dollar $DXY up and gold down. Chart looks like a double-top is forming with momentum sliding. Again, the only way gold goes up if we start war with Iran which last week looked like it was going to happen. Doesn't look like most of the globe is accepting...
Gold is oversold on the RSI. Had a doji reversal last Friday. And HUI miners keep signaling lower gold. Anticipating a move back to 1300. JDST is near previous all time lows @ 29 from February If the Fed doesn’t deliver a rate cut Wednesday, expect gold to sell off