Just a idea as past repeat it selfI was looking at copper and silver . They are not following at all why. No inflation ?
GDX trade ideas
Daily GDX stock forecast analysis for stock investing strategies03-Jul AMEX:GDX
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 2.5% (HIGH) ~ 0.1% (LOW), 2.1% (CLOSE)
%AVG in case of rising: 1.9% (HIGH) ~ -0.4% (LOW), 1.5% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -1.3% (LOW), -0.7% (CLOSE)
A big year ahead for gold minersGood day folks,
This is a comparison I made based on my GLD forecast for the next 12 months. I expect GLD to rise by 5 to 10% before year end. I calculated a few ratios and it appears that GDX moves exponentially with gold price (not a discovery I know). Basically, I wasn’t unable to use a distinct ratio, so I just compared their corresponding prices at the corresponding time.
I concluded that if GLD was raising by approx. 5-10% to my price target of 128 to 134.5, GDX would rise from 26.5 to 28. This is an upside potential of approximately 29 to 37% on the current price!
I am long.
Thank you,
Gold Miners Bullish This SpringThe Miners are getting pulled up by the Precious Metals in their Bear Market rallies. So the Gold Miners should out perform due to leverage on their balance sheets.
The price action is definitely corrective in nature, and the pull backs should be shallow because this is a small degree c-wave. So I'm expecting a top above the (a) wave over a year ago some time this Spring.
For a good video exploring whether to invest in mining stocks or the precious metals themselves, Mike Maloney has a well done video on the subject:
www.youtube.com
In fact I recommend spending time watching all of Mike Maloney’s videos on the PM’s and money. They are all well worth the time…
GDX Analysis: Bullish Move Not Yet Over?Conclusion for today’s GDX analysis: Price closing above 26.17 implies resumption of the current uptrend in GDX.
The VanEck Vectors Gold Miners ETF (GDX) is presented on the Daily timeframe with coverage of over 24 months of price action. The sell off and bearish market in the GDX that began in August of 2016 (not show here), continued until September 11, 2018 after which price failed to establish lower lows and lower highs.
A bullish trendline in GDX that has lasted over 9 months is used to highlight the current trend in the ETF ever since the September 11, 2018 price low of 17.28. The current bullish price swing from the last pivot on the trendline (at ~20.17) reached a peak of 26.17 where price is currently consolidating.
Horizontal lines of support are drawn on the chart where the ETF is expected to use a pivot to resume the bullish trend. They key levels therefore are 25.19, 24.56, 24.02, and 23.54.
The trajectory anticipated for price action is also provided. Failure of support at 23.54 increases the chances of price returning to the bullish trendline prior to resumption of the uptrend.
GDX: 30-31 Consider changing to Barrick Gold !!! It should start to outperform GDX and GDXJ.... Not yet sure if this year 35 ++ will be in.
GDX/SPX
GOLD mining shares about to lift off?
Concerns: things to take in account
Iranian tensions in the market?
Us dollar weakning on talk of rate cuts in July?
World dollar shortage?
Increase in oil price sucking up dollar liquidity.
Chase to safety which will also increase the dollar price..
Gold and the dollar could both go up from here..
Needs to first break the first purple line /resistance and sat above it
Is silver failing to confirm the breakout?
Long Silver!
GDX monthly - breaks out and looks bullishRSI is in bullish zone, MACD is positive. Much more room to the upside (20% ~ 60%) but limited room to the downside (10% ~ 15%) so from risk/award perspective, it is attractive. I think it might spike fast from this level. IMHO it is a strong buy but do not forget a stop to shield down side risk.
GDX stock price forecast timing analysisStock investing strategies AMEX:GDX
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed from a weak selling flow to a suddenly strengthening selling flow.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -0.4% (LOW), -0.1%(CLOSE)
%AVG in case of rising: 1.8% (HIGH) ~ -0.4% (LOW), 1.3% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.3% (LOW), -0.8%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Long Gold!Gold is breaking resistance levels in most indices.
With the probability of the fed cutting rates at almost 90%, Gold seems like a great option for a medium-term investment.
GDX going up....GDX (miners) looking for a strong move in a wave 3 towards 29-30, then a wave 4 pull back to finally hit the wave 5 box between 33-35. Looking good.....
coilinglots of resistance above and support below. probability to the upside on longer time frames. long over 23.50 $NUGT $GLD $ $DUST
Elliott Wave View: Impulsive Rally in GDXElliott wave view in Gold Miners ETF ($GDX) suggests the pullback to $20.26 ended wave (2). Wave (3) is currently in progress and the internal subdivides as an impulse Elliott Wave structure. Up from $20.26, Wave ((i)) ended at $20.88, wave ((ii)) ended at $20.31 and wave ((iii)) ended at 22.60 peak and wave ((iv)) ended also at 22.16.
We can see from the chart below the internal of wave ((i)) and ((iii)) also subdivide as an impulse in lesser degree. We don't like selling $GDX and expect buyers to appear in 3, 7, or 11 swing as far as pivot at $20.28 low stays intact. In larger time frame, if $GDX can break above Feb 21 peak ($23.70), then it should create a bullish sequence from Sept 11, 2018 low opening up more upside.
GDX: Weekly trend activeI like the chart in precious metals and miners as of late. Given the weakness in equities and the options data favoring a decline, I think buying into gold and silver mining might pay off.
The $GDX chart shows a weekly Time@Mode trend signal confirmed last week, you can see the boxes that detail the targets it can reach if it doesn't fall below the stop loss on chart.
Individual stocks might offer more or less interesting trade setups as well, but the sector ETF is already a good enough proxy for this trade.
I leave you with the due diligence required to find good in individual stocks that might rally with this sector here.
Best of luck,
Ivan Labrie.
Gold Miners - Push Up Incoming Welcome back guys, sorry for disappearing for a while, I’ll be post more frequently after June!
But in the mean time… here’s what I’m looking at right now.
First, let’s acknowledge that trading gold miners have been pretty boring lately given the tight range it’s been stuck in. That’s why I was primarily day trading for the past month to avoid taking overnight risk, aka the battle between negative macro news and Trump trying to bring the sentiment back up by tweeting.
Now if you look at the GDX chart, you’ll see that the past 31 days have been forming a symmetrical triangle pattern, meaning a lack of trend either up or down. However, this type of pattern usually represents a large move to either side is highly likely, since large players have been likely accumulating or dumping shares throughout this flat period.
This time around, I’m betting that it breaks to the upside. The reasons are as follows:
Potential catalysts for Gold and Gold Miners:
1.) GDX is showing very strong upward momentum on the Money Flow Index, which is similar to the RSI except adding in volume. It’s showing that even though prices are not trending, buying pressure is increasing. I see this as bullish in the short term.
2.) Macro news will likely remain negative when considering the EU, therefore positive for gold
a. May has to step down, speculation is betting on the next leader to be tougher about Brexit. High potential for an exit without a trade deal to minimize economic impact.
b. Economic growth will not likely show a strong reversal anytime soon, given that negative interest rates have done very little to spur growth so far.
3.) Macro news in the US will most likely be neutral.
a. Trump will most likely continue to tweet positive hope for deal. He has to calm the markets at least until he’s re-elected.
b. Labor market is still showing increasing tightness. However PMI and new home sales have been failing to meet expectations.
c. Next round of corporate earnings will not likely be as easy to beat as this first quarter. Since expectations were set extremely low.
4.) Market sentiment has been tough to break recently. With money flowing in to buy up the gap downs. Mainstream media is usually a good place to judge how the general public is feeling, and usually you should be looking for confirmation of the opposite direction of whichever way the news is saying the market will go. Right now I see some positive and some negative, leading me to believe the market will continue to be choppy with no clear direction, which is bullish for gold since uncertainty will maintain a support for safe haven assets.
5.) M&A activity picks up, bullish for miners. (This is probably not likely to happen any time soon, just fun to think about)
a. An increase in M&A activity could draw investor attention to this long forgotten sector.
All in all, I’m currently long miners with a healthy position in $NUGT. Placing my stop-loss a little more than half a percent below the nearest support. There might be a final push down by the big players to gather liquidity in order to make the breakthrough push upwards.
