The Gold & Commodities category is a sub-section of Market Analysis that includes charts and commentary associated with precious & industrial metals such as gold, silver, and copper as well as various hard & soft commodities such as oil, gas, wheat, corn, etc…
The following notes & charts on GLD (Gold ETF) & GDX (Gold Miners ETF) are restricted to premium & free trial members of Right Side Of The Chart as they might soon be added as official swing trade ideas. Please log in or sign up for your free 3-week trial to view.
In addition to investment grade bonds (treasuries, munis & BBB+ rated corporate bonds) which were covered in yesterday's post, a few other potential bottoming plays that stand out at this time are gold, silver & the related mining stocks, cannabis stocks and some the major currencies (vs. the US Dollar) such as the Euro, Yen, [...]
A review of the chart of GLD, SLV, SIL & GDX as they all approach key support levels with bullish developments on the chart that indicate a bottom may be close at hand. My preferred strategy of scaling into exposure in the gold & silver mining sector, along with the buy ranges, stop levels & some potential price targets are covered. Please log in to view this video as it is currently reversed for RSOTC subscribers. [...]
I received a request for an update on SLV (Silver ETF) within the trading room & I figured this would be another one worthy of an update on the front page for all to see as there is a lot has been a lot of movement within the precious metals & mining sector recently. Starting [...]
GLD (Gold ETF) has hit my maximum downside target of 115.70 now hit with potential divergence forming on the MACD (not yet confirmed). While I might normally (and still might soon) step in & go long here, there are some things that have me quite concerned with the financial markets right now, including the recent [...]
This video highlights a fairly consistent correlation between gold & the stock market, with major tops in gold (via GLD) preceding major tops in the market (via SPY), thereby providing an early indicator of potential corrections in the stock market. Most recently, the sharp divergence between GLD & SPY serves as a caution sign that [...]
After several attempts to regains the 25.67ish R level, GDX finally gave up, moving sharply lower today with the gold mining stocks currently backtesting this descending price channel from above. GLD also failed at the resistance zone that I had highlighted in last week's video but is also trading at support which is the 1-month [...]