Tag Archives: (NYSE:GDXJ)

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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Precious Metals Down Big Today (29-01-2015)

Our portfolio made nice profits today from the following bought back covered calls trades.. – $702 in total.. I cant stress enought the importance to putting GTC orders in place. They totally take the fear and greed elements out of … Continue reading

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