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…
An overview of the US stock market from the long, intermediate & short-term charts as well as analysis of the gold, silver & precious metals mining sector. https://youtu.be/hEtWJohSTwU
An overview of GLD, GDX, SIL as well as HL & CDE, both of which are active trades at this time.
This posts outlines the entry criteria, price targets & suggested stop for a swing trade in CDE, Coeur Mining Inc.)
It is clear that the recently on & off inverse correlation between the US Dollar and gold prices has once again returned, with a near perfect inverse correlation lately as the dollar & gold react to any economic releases that could impact the next FOMC rate decision. Therefore, if you want to know where gold [...]
The near-term & intermediate-term outlook for gold, silver & the mining sector via GLD, SLV & GDX including an update on the HL active trade.
GDX came within a mere 32 cents of the first target this morning before reversing while yesterday's potential divergences in GDX & SIL were confirmed today via a bullish crossover, induced by the US dollar rally which in turn was induced by the ISM miss. My expectation is that rally will be relatively short-lived with [...]
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 [...]