Tag: gdxj

Extreme Flows in Several Gold Funds

Extreme Flows in Several Gold Funds

Looking through the final figures for fund flows among the most active ETFs for May, a few things stick out.

The most notable is the abandonment of gold-related funds. The GLD fund suffered outflows, as did the gold miners, GDX and GDXJ. With more than $1.5 billion leaving those funds over the past 20 days at the end of May, the outflow was one of the
largest in the past five years.

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Better Sit Down for This Junior Gold Miners Target

Better Sit Down for This Junior Gold Miners Target

For four months, GDXJ has been playing toe-sies with a 20.83 target that was put in play back in August. While there is always the possibility that this popular junior mining-stock vehicle is about to turn higher, the weight of the visual evidence suggests lower prices are more likely. If so, a 16.54 (!) target would be in play

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Gold Makes Reverse H&S Breakout, Gold Miners Bouncing Off Support

| January 27, 2015 | Category: Price
Gold Makes Reverse H&S Breakout, Gold Miners Bouncing Off Support

The US stock market is showing increasing volatility on lower optimism for good earnings growth. Gold is continuing to gain momentum as the 20 and 50 day moving averages turn positive. A golden crossover of the 50 and 200 day could be only a week or two away. Its been a rough four years for junior mining investors as the Venture hits 2008 and 2002 lows. However, there could be a good chance from both a technical and fundamental standpoint that the correction cycle in precious metals is coming to a conclusion.

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Short Term Picture For Precious Metals Complex Is Mixed With Bullish Bias

Short Term Picture For Precious Metals Complex Is Mixed With Bullish Bias

Although gold and silver had one of their worst days of the year. Overall the technical damage is limited. However, the fact that silver and the miners declined much sharper than gold is not a good sign. The short term picture for the precious metals complex is mixed with a positive bias.

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Is Santa Coming Early for Gold & Gold Mining Stocks?

Is Santa Coming Early for Gold & Gold Mining Stocks?

If you own physical gold, gold mining stocks or plan on buying anything related to precious metals before year end, you are likely going to get excited because of what my analysis and outlook shows. Since gold topped abruptly a year ago (Sept 2011) with a massive wave of selling which sent the price of gold from $1920 down to $1535, technical analysts knew that type of damage which had be done to the chart pattern could take a year or more to stabilize before gold would be able to continue higher. Fast forwarding twelve months to today (Oct 2012). You can see that gold looks to have stabilized and […]

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Correction in Gold & Silver Stocks Nearing End

Correction in Gold & Silver Stocks Nearing End

We expected a correction after the gold and silver shares ran into predictable resistance that coincided with October seasonal resistance. That was predictable. Now we are 19 days into the correction and we see some stealth signs of strength and signs of the correction nearing its end. Let’s take a quick look at GDX before we get to the analysis. There are numerous positive elements to the current technical makeup of GDX. First, is the price action. The market has very strong support at $48 to $49. It first bottomed at $50.90 and then at $50.81 on Monday. Since then, GDX pushed higher to $53. Secondly, note that the RSI […]

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Junior Miners (GDXJ) Are Outperforming Gold Bullion (GLD)

Junior Miners (GDXJ) Are Outperforming Gold Bullion (GLD)

Jeb Handwerger, editor of GoldStockTrades.com, says the technicals are lining up for precious metals players, not just the fundamentals. The fundamentals for gold and silver appear to be making a positive turn as the US, ECB and Bank of Japan simultaneously signals Worldwide QE3. The charts are just beginning to make new uptrends and may have much more room to go. One must remember both gold and silver have not made new inflation adjusted highs despite record sovereign debt levels and a coordinated worldwide currency debasement.  There is much more room to go in this rally as many investors still need to unwind a record position in cash and treasuries. […]

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Bubbles, Bubbles, Everywhere

| September 18, 2012 | Articles: Gold Silver Stocks
Bubbles, Bubbles, Everywhere

Here is a great weekend report by a friend and trader who runs the financial site Financial Tap. Every once in awhile he makes his reports available to the public so they can see the quality analysis he brings to the table and he also offers a free trial to his premium service. CYCLES ANALYSIS GOLD – Cycle Counts Cycle Count Observation Outlook Daily Day 10 Range 24-28 Days Neutral Investor Week 18 Range 18-22 Weeks – 4th Daily Cycle Neutral 8Yr Month 47 Range 90-100 Months Bullish Secular Bull Gold in a secular Bull Market Bullish Gold is moving almost vertically now, the pent up energy of a year worth of […]

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Why Are The Silver Miners Outperforming?

Why Are The Silver Miners Outperforming?

We have seen major developments in the silver mining sector (SIL) which shows that the majors are hungry for the juniors.  Coeur D’Alene (CDE) has made some strategic investments in some juniors silver explorers in British Columbia and Mexico, Hecla (HL) made a bid for U.S. Silver and Silver Wheaton (SLW) has signed its first major royalty deal in years.  This signals that the smart money believes we are near a bottom and we may just be at the beginning of a major move in the junior silver miners.  The majors are hungry for new deposits in mining friendly jurisdictions.   Since Bernanke’s Jackson Hole speech that sparked a risk […]

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Gold, Silver, Mining Stocks: Breakout Time, Not Bubble Time

Gold, Silver, Mining Stocks: Breakout Time, Not Bubble Time

Admittedly, for over a year and a half precious metals investors have been going through a time for testing of our essential position in wealth in the earth equities and bullion.  Investors were experiencing pain and panic at a time that it was easier to throw in the towel as the technical charts appeared to be broken as gold (GLD) and silver (SLV) went below the 200 day moving average.  We advised patience and fortitude despite an onslaught from fellow analysts and media coverage which were attempting to shake out our readers.  Now precious metals and miners appear to be making constructive and powerful breakouts. The casino has ever been […]

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Double Bottom Breakout In Junior Mining Stocks Before Labor Day

Double Bottom Breakout In Junior Mining Stocks Before Labor Day

There is an economic malaise all over the world, record unemployment and soaring deficits, yet the general markets are hitting new highs.  How can a market rise despite all the negative gloom and doom economic numbers? We believe the market and intelligent capital is coming to the realization that the Central Banks through the use of Quantitative Easing and record negative interest rates may start a stagflation which is when commodity prices rise higher in the midst of poor economic conditions.  This occurred in the Ford and Carter administration when gold, silver and mining stocks soared. Yields are beginning to rise rapidly since we called the top on treasuries on 7-25-12. Supply […]

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