Gold's summer season is here and everything looks to be similar to 2011,2016, and 2019. Which means new highs all the way till September. Miners are already starting to benefit. GDXJ might need to close the month lower, but then its 52 to ???
Ok gold , ok... I get it already... buy when it touches the hot pink line... sheesh
Looks that way so far. (using log) I copied the chart from 95 to 2011 and pasted it such that the bowls match up. We might have 8000 gold by 2028.
Looks like we need to wait a day or so for the next leg up. New month on wed, or payrolls on Thursday may trigger it.
(note: if the trade analysis brings you some jingle, consider tossing a Hamilton or Andrew Jackson in the collection pail . i'll take it as an offering: im looking to crankup a DOOMSDAY PARTY i got planned down in Texas, and your offering will not go unnoticed spiritually) Greetings investors, traders, speculators, technicians. im looking to throw out another...
The Spring season ends within a few weeks. Golden bulls and bears are about to go head to head for season champion. Bulls will surely win next season, but this season is still close. Bears have a chance for a final round comeback. Bulls will try to go for the kill this week with a break out of H(1) wedge, while bears try to extend the match to the larger H(4)...
Why the Bearish on Gold miner? Africa is shut Down for 14 days!, all mining activity shutdown! Most Africa based miners are DOWN!! Pending follow up with more EURO shutdowns. sooo? SOOOOO, This company is up because Gold is UP, Please buy it because they think it's GOLD! EVEN So, people only buy gold due to fear of recession bets and fear of the weak dollar. But...
Short $GDX 34.53 SL 37.49 (-8.6%) TG 12.40 (+64%) Regular Flat ABC Pattern w/ Divergence
$GLD / $SLV Reversal BULLISH for $GOLD
My gut tells me that gold is going up (probably to 1775-1800) and gold miners are headed up too. HOWEVER, there appears to be negative divergence on both gold and GDX. A more patient (and wiser) trader than me would wait for that upward trend to be broken, then short this baby! Unfortunately I keep getting burned by Swing FOMO!!!
NUGT - Looking for break of 73.07 , Stop signal 57.23,
Someone said that going LONG with gold is shorting humanity.
Shorting GDXJ from $37.17 with a target of $27.86 to $30.00. --------------- I believe that with markets potential to fall we will likely see another round of weakness, even if briefly, for the miners and gold in general. The potential for more profit taking or selling for margin have been greatly increased with the rapid rise in GDXJ over the past week and with...
It now creates a great shorting opportunity
Gold has been consolidating right above the recent highs, since bottoming out last month, and looks prime for a breakout. I went long this morning right at the open on the gap up. Really like this pattern occurring in GOLD which could pick up some momentum near term. GDX is also a valid play for less risk. Entry - 12.10 Stop loss - 10.90 Target - 14/17.50
Gold has been a very volatile commodity last month but looks like a recovery is in the midst, $NUGT looks good for another leg up here. Long above 12 with a stop loss at 10.48. APT, a coronavirus play, has been consolidating right above the rising 5DMA. I think APT is right about to lift here. Good above 14.75 with a stop loss at 12.85. WMS, a utility...