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Miners

GDX - Gold Miners at a Critical JunctureThe miners are reaching a pivotal point that will determine the price pattern over the following months. In my previous post back in Feb, I provided a count and stated that the GDX would be bottoming at around $20 before resuming the bullish trend. While the count is still valid, wave (ii) has protracted longer than what I had initially expected as we are still in that same corrective wave. I still expect the bottom to hit around the $20 mark and would like to see a strong move upward above $24 in the following weeks to confirm the start of wave (iii) of 1 that would take us to at least $30. However, should the price fall below $19, it would invalidate the current count and make me more bearish in the short term. The next couple of weeks are going to be critical as the pattern unfolds. Stay tuned for more!
AMEX:GDX
by Eboard10
Gold miners heading lowerMiners have had an amazing run for most of 2016, but now it's time to get back to reality. The over-all monthly trend is still DOWN, and markets don't turn around on just one bounce like we've had at the beginning of 2016. This retest is the bears trying to continue the bear market, will they succeed? I don't know; I'm here to make money, but I know they will retest and try to breakthrough the 12-13$ level. If they succeed, then it's just an expected continuation of the bear market in miners, if they fail and another bottom is formed; then we might start thinking of an emerging bull market.
AMEX:GDXShort
by ZDRuX
2
Long Gold. Pattern recognition. Interest rates, etcThe following chart presents an opportunity to go long on gold and miners if wanted. The pattern has already presented in several occasions, highlighted in green boxes.. I believe the rate hike has been priced in. We can observe such pattern in the following chart before a significant move up Observe how I detected the bottom the last time, breaking out of the down trend. Targets of course are marked by Fibonacci retractments. Of course, this is not for scalping. Support is set at 1196 where the 200 moving average is located in this 8 hour chart. Also, the Bollinger bands have widened, allowing gold to continue higher. Bullish cross of the macd is also present. www.tradingview.com This image shows how the yield in the 10 year note behaves before the rate hike (date of the 2016 hike marked in red). The yield moves down and when the hike occurs it goes higher temporarily. As we know, short term rates are set by the Fed, long term rates by the market. I believe yields will continue to move lower after the hike or perhaps before if the pattern holds. s3.amazonaws.com
FX_IDC:XAUUSDLong
by ShPro
GDX - Trend Reversal in Miners To Start SoonThe current drop has many investors thinking that the long term correction in the miners is still ongoing. However, the current price movement is playing out more as a short term corrective wave (ii) of a larger degree wave 1 that should take us above $30 sometime this summer. I am currently expecting a bottom to be reached somewhere above $20 before the resumption in the bull trend. While a drop below $18.60 would invalidate the count and have me reassess the outlined pattern, it looks less likely to play out at the moment.
AMEX:GDXLong
by Eboard10
JNUG ready to rock? JNUG missed an opportunity for a bullish Exponential Moving Average cross up over the past couple weeks. Felt horrible for anyone (...uh...guilty) who bought in the late Jan/early Feb thinking that insane movement was THE start of another wild bull run like 2016. I've improved my average to $9.40 by buying in the $6's. Using the Fibonacci Extension Tool on the Dec 2016 swing low to the swing high, I see a very precise touch on the 0.236 Fib line on this deep retracement, and expect this to be as bad as it gets. It could touch it again (and again and again) as this crazy market (and especially miners, and especially leveraged ETF's) love to play head games with the little guy/girl to shake them out when the circumstances appear the most dire. Stay strong, be smart. Use those simple, powerful indicators to make your decisions. But don't be stubborn either. I like the indicators I've used here, and in a minute I'll post a different chart with another simple one you can use.
AMEX:JNUGLong
by SeekingDelta
1
Gold to Re-target 1220-30 During the Transition of PowerMy initial target on this pullback was 1190, however gold has managed to regain 1200 as the $DXY has rolled over giving up today's gains. Longing from these levels may be risky, but the reward may turn out to be lucrative depending on the volatility and uncertainty during the transition of power in the U.S. government through Monday. President Trump's speech will be interesting tomorrow @ 12:00 EST. Keep in mind that a number of executive orders may be repealed on Monday.
FX:XAUUSDLong
by ThomasFink
gdx miner cyclefor those who follow cycles, here is my chart of the gold miners cycle. this chart forecasts that as of 1/12/2017 we are due for a miners cycle low in the second part of january 2017. this cycle will give us hints as to the Trend of gold. The current Daily cycle looks right translated (the high is in the second half of the cycle) and has gone higher than previous cycle (see arrows). if the bottom of this upcoming gdx cycle closes Above the previous daily cycle low (see line labeled "Critical level" - we must find a cycle bottom Above that line), it will make a strong signal that the daily cycle Downtrend is Over and we are starting a new Daily cycle uptrend UP. In plain language as long as we dont make a lower cycle low, it is a strong signal that gold is now in a long term uptrend! so it looks like there maybe a good Short trade here for a few Days, and then once we bottom, a good Long trade if we dont break the low. same cycle applies to GDXJ
AMEX:GDX
by Proph1t