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Miners

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 Keep in mind that a number of executive orders may be repealed on Monday.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
VGZ - 144minI know I've posted ideas on some of the sub-$1 miners, warning that positions should be kept small until we get confirmation. So far, a good start to proving the correction is over in wave (2). The larger 1-2 will add confidence. Retraces may be small in a presumed wave (3), and I'm not sure about the timing as my analysis isn't a timing system. Just watching technical indicators and price pattern for clues. Straight stock plays on juniors like this are safer plays than 3x leverage ETFs in my opinion. Long from ~0.87
AMEX:VGZLong
by nick.holland78
4