Posted on
GDXJ Outperforming GDX
The larger juniors are outperforming the seniors…
Posted on
The larger juniors are outperforming the seniors…
Posted on
Gold and Silver are going to close down for the third consecutive day and the third consecutive week. As we pen this on Friday, Gold bounced from $1162/oz and could close near $1170/oz while Silver traded below $16/oz and may close at $16/oz right on the dot. Both metals are now dangerously close to their … Continue reading
Posted on
Posted on
There is some talk among traders about precious metals breaking out. Silver broke a trendline dating back to summer 2011 and will make its highest weekly close in more than three months. Gold will make its highest weekly close in three months and gold miners had a very strong week. However, do these moves really … Continue reading
Posted on
Forget the 200-day moving average. While it is important, clearly the 400-day moving average has been a much better indicator for the gold miners. GDX closed at $20.78. The 400-dma is at $22.43. If GDX can test it, it would mark the third test in the past 10 months. That tells me a transition from … Continue reading
Posted on
Miners are showing relative strength….
Posted on
A technical update on precious metals…
Posted on
Precious Metals continue to be a conundrum. While Gold has trended lower it has failed to break below $1100 as so many expect. It is very strong against foreign currencies and did not break to a new low even as the US$ index rallied from 87 to 100. On the other hand, Gold has failed … Continue reading
Posted on
There is no excerpt because this is a protected post.
Posted on
Topics covered include Gold, gold stocks, US equities and the Euro…