VANECK VECTORS ETF TRUST GOLD MINERS ETF

AMEX

GDX

A few days ago I posted a video showing the potential drop on AMEX:GDX. You can see it here. It has done as expected. Now, with the moving average crossover and the consistent volume on this bearish move, there is a strong chance to see a bit of a rally soon and then continuation. It is a great chance to consider entering short on a rally to either add to an...

This is a continuation of my previous post on gold miners. I would recommend checking out that post and the updates to get up to speed on the current trade. Profits so far should be at least 15% if you’re trading leveraged ETF ($DUST). Personally at around 20% gain so far in the trade. I plan to take profits on the entire DUST position soon since GDX is getting...

Haven't touched stocks or ETFs for a while and now I decide to get back to my favorable Gold stock analysis. We can easily spot that flag on 4H or Daily chart of GDX, normally with previous bullish price action, gold has slightly more chances on breaking the top side of the triangle. But!! When I zoomed out to weekly, it tells me a different story. GDX was...

$nugt $dust $gdx $gdxj $jnug $jdst $gdxj Potential for more pain for miners before a powerful run up

Why I’m bearish on Gold and Gold Miners in the short to medium term: All the following items provide a positive market sentiment, and a stronger willingness for investors to allocate money to risky assets such as stocks rather than safe haven assets like gold, and therefore selling of gold miners. 1.) Still strong US economy, based on the slew of positive...

The bottom in the precious metals has been forming since early 2016. As you can see from the chart of the ETF for the gold miners, GDX, it had a quick rally that year and then went into another sideways pattern until January 2019. Now the chart appears to be getting ready for a stronger up-move. You can see that a long, bullish potential inverse “head and...

Gold falls as US dollar rises, accompanied by an across the curve rise in yields. Today’s macro news was relatively light with GDP data coming in slightly lower at 2.2% vs 2.4% expected, and initial jobless claims 211K vs 225K expected. There was a new piece of trade news indicating that China is willing to give the US more access to its domestic cloud-computing...

I really like the idea of shorting AMEX:GDX right now. It moved up into resistance and has closed solidly below a trend line. That is looking great to me. You can get a new and free reversal tabs indicator by going here: tfl.mykajabi.com

This is a continued trade based on my previous post. This was posted on my blog yesterday night We have a big week ahead of us with potential updates on several important political event, along with some important economic data being released throughout the week. The news that we should keep our eyes on are updates on the trade deal, and vote outcomes of the...

Watching how GDX reacts to $20.50-$21.30 level to see if it can move up on 5th wave in the medium term. Long-term chart is quite confusing. Wave 2 looks quite complicated, has potentially to not be done and retrace almost all of Wave 1. See how it performs in the Med term to see which way it will go. The metals (GC, SI) are pulling back which can coincide with...

Please see graph above, short potential on GDX with set TP/SL. Trade responsibly.

$gdx $nugt $dust $gdxj $jdst $jnug bearish gart (xabcd) I'm bullish on gold long term but I don't like this. CAREFUL NOW

This was posted on my blog at gdxdaily.com last night, be sure to follow it to get notified first of any new trade ideas! The ideas will also be explained more in detail on the blog. Trade summary: Given recent macro updates I believe the short to medium term outlook for gold miners is starting to look bearish, this is due to multiple factors that will likely...

Quick pop on GDX to follow by continued down trend. Current condition is oversold and ROC convergence identified. Trade responsibly; TP & SLs

GDX Bias

Gold miners have seen decoupled correlation with gold prices over the last couple trading sessions; while showing more correlation with broad equity market movements. SP:SPX just broke a key resistance level with heavy volume, meaning bullish moment in the short term. I believe this will help push AMEX:GDX upwards in the short term towards it's recent peak. GDX...

looking to test 24.50 $NUGT $GDX $GLD

Dollar index is testing its lower support channel and could have a strong bounce, which in turn would send precious metals tumbling. Gold miners are looking bearish on the daily chart and I expect a move lower this week. See more videos at www.TheTechnicalTraders.com