First day to be noticeably reversing recent downtrend. Watch for a break in 50 day MA. Short term holding due to volatility. Hold as long as you want, but I'm gonna take my 20-25% and run.
Well, it has been a long very stretched out daily cycle. And it is clear now that we are dropping into the DC low. I have drawn on my chart my approximate price target for Jnug before a bounce. I think we will hit the 100 DMA. But I am using the GDXJ chart to help me a little more. Here is the GDXJ chart zoomed out a ...
Before I get into it, I just wanted to say, isn't is funny how this dumped? Remember how I was saying that big green volume spikes have usually meant that Jnug was at or very near a top. Its not 100% that way but its like 95% of the time. Good thing to remember.
So I have been really trying to find the cycles for Jnug. And I am bummed to say that I did not ...
I suspect this will be a very good spot to buy JNUG. Moving averages are supporting JNUG here. Looks as if the ICL in Gold and Miners is confirmed. Dollar relentlessly pushes lower.
Today dovish grandma provided gold bulls with an extra boost while drop-kicking USD bulls in the face. Gold miners will continue their up trend after consolidating below resistance. The measured move is in my previous JNUG post.
Good luck all.
Gold's explosive break today was a nice continuation of break-out from 3 days ago. Without getting too deep into the fundamentals, Draghi basically punted the EURO toward the moon and the US stock market's inflationary pressure is rocking the DXY into new lows.
The combination of gold strength and inflation makes junior minors a fun instrument. Careful if the ...
