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Precious Metals Video Update: Rebound Targets
We cover potential rebound targets for GDX, GDXJ and Gold and we look at Gold’s current performance relative to global equities, foreign currencies and commodities.
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We cover potential rebound targets for GDX, GDXJ and Gold and we look at Gold’s current performance relative to global equities, foreign currencies and commodities.
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The precious metals sector has held recent lows and a rebound is underway. Gold held $1080/oz for three straight weeks and has pushed as high as $1126/oz this week. The gold miners (GDX and GDXJ) surged the first half of the week and Silver has also gained. We believe that this move is more likely … Continue reading
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After falling for weeks, breaking to new lows and constantly being regarded as a useless asset…
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The precious metals complex has attempted to stabilize over the past few weeks. Some markets have had more success than others. Gold has been able to hold $1080/oz while GDXJ has also held its recent low. The large cap indices (GDX, XAU, HUI) have grinded lower to new bear market lows this week. This leads … Continue reading
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We discuss in our video update…
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Recently we’ve been writing about the downside potential in precious metals and the danger for precious metals bulls. The gold miners and Silver have led the rout while Gold finally cracked support ($1140-$1150/oz) last week. That led to a severe selloff across the complex. As we pen this on Thursday evening it appears Friday could … Continue reading
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Full time professional trader Dan Norcini discusses his near term outlook for precious metals.
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Where is the support for Gold, Silver & Gold Miners..?
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Will metals test last week’s lows?…
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The precious metals sector is enduring losses for the third straight week. The gold miners and Silver have led the way down, though Silver has rallied over the past two sessions. Gold has also rallied yet remains dangerously close to making a new weekly low for the bear market. While the metals recovered some losses … Continue reading