Tag Archives: (NYSE:GDXJ)

Gold To Continue Trading Inversely To Equity Markets

On the metals side, gold (NYSE:GLD) looks like it is in no mans land. If we look at the last three years in this asset class, we can see that gold has more or less formed intermediate bottoms in the … Continue reading

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January 09 : Gold & Oil Update

   

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Not Much Pain Left In The Gold Trade

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Gold Honing In On A Firm Intermediate Low

 

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Short Term Sentiment Still Illustrating Miners Will Rally More

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Gold Has To Bottom Shortly

Gold lost another $7,70 an ounce today and the 5 day RSI level is getting more oversold by the day. If we look at a long term chart, it is evident that a bottom is near although we could get … Continue reading

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Gold Fails To Print A Daily Cycle Low

Gold wasn’t able to withstand the selling pressure today and print a daily cycle low. Instead the metal drifted lower and finished a few ounces below yesterday’s low. In saying this, the mining complex through (NYSE:GDX) and (NYSE:GDXJ) were up … Continue reading

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Gold price Stays Muted But Mining Stocks Pop

Yesterday I stated that gold was getting to oversold levels and although I predicted a pop in the asset class in the near term, the technicals were showing that in all probability, the rally would not last. The pop in … Continue reading

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Gold & Gold Stocks Will Bounce But Then Go Lower

Gold stock plummeted today (05-24-2016) with the mining ETF (NYSE:GDXJ) plummeting 7.29% to reach $33.56 a share. The 5 day RSI indicator has now reached oversold levels (see below) which should mean we get a bounce in the next few … Continue reading

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Gold-Breakout-Coming?

Gold was hit hard thursday with the precious metal ending the day down $25 to $1,258 an ounce. We have recovered to $1,270 but we are at a very critical juncture for Gold as the chart shows below Gold has … Continue reading

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