August 2016
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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…

GDX Trade Update, Bearish Pennant Breakdown

As a follow-up to the GDX update posted earlier today before the market opened, here's the updated chart of GDX along with the chart posted in earlier this morning. GDX did go on to breakdown below both the bearish pennant continuation pattern as well as the 26.50 minor support just below & has recent hit [...]

HL Trade Update

The following notes & charts are an update on the HL active trade idea, including the remaining price target. Please log in or sign-up for your free 3-week trial to view.

GLD & GDX/DUST/NUGT Trade Update

The following charts of GLD & GDX provide an update for the active trade on GDX, NUGT or DUST. Please log in or sign-up for your free 3-week trial to view.

Aug 30, 2016 8:49am|Categories: Active Trades - Short, Gold & Commodities|Tags: , , |0 Comments

SBGL Price Target Hit for a 15% Profit

The SBGL (Sibanye Gold Ltd) short trade has hit T1, the final official target at 16.66, for a 15.4% gain in just 1 week. Consider booking full profits or at least lowering stops if holding out for the next potential target (unofficial target) which has been revised to 13.62 with the actual support level at [...]

GLD SLV GDX SIL Outlook for 8-25-16 (video)

This video covers the near-term outlook for GLD, SLV, SIL & GDX with a look at the support & resistance levels, price targets & most likely scenario for the gold & silver mining sector going forward. (note: you may have to manually set the playback quality to 720p if watching this video shortly after being [...]

Aug 25, 2016 12:09pm|Categories: Gold & Commodities|Tags: , , , , , , , , , , , , |2 Comments


After holding the 17.90 gap support for 2 days, SLV gapped & stayed below that key support level all day yesterday. While I favor a continued move towards the 17.10 level in the coming days/weeks, the odds for a snapback rally & possible backtest of the 17.90 area is elevated at this time. SLV [...]

Aug 25, 2016 9:35am|Categories: Gold & Commodities|Tags: , , , , |1 Comment

HL Second Price Target Hit for a 16% Profit

The HL (Hecla Mining Co) short trade has hit the second price target, T2 at 5.69, for a quick 15.8% gain in just 3 trading sessions. Consider booking partial or full profits and/or lowering stops, depending on your trading plan. T3 (4.87) remains the final price target for now. Previous & updated daily chart: [...]

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