Comments on: GDX DUST Update https://rightsideofthechart.com/gdx-dust-update/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:20:13 +0000 hourly 1 https://wordpress.org/?v=7.0 By: RickySixx6 https://rightsideofthechart.com/gdx-dust-update/#comment-594 Fri, 23 Oct 2015 18:06:11 +0000 http://rightsideofthechart.com/?p=168606#comment-594 Looks like some of the leaders (thus explaining GDX out performing GDXJ) are telling us where its all going. Some big money now chasing the safer bets. Only a matter of time before the Juniors follow, chase, and exceed on the aggregate. I’m starting some long term bets now with the bigger guys, slowly pouring in more if I cont. seeing some promising moves.

A big move down in gold sub 1100 wouldn’t shock me but, the HUI/GOLD ratio of sub .1 is over IMO Some of us will consider ourselves fortunate to even grab .115’s and 1.2s

]]> By: rsotc https://rightsideofthechart.com/gdx-dust-update/#comment-592 Fri, 23 Oct 2015 16:47:53 +0000 http://rightsideofthechart.com/?p=168606#comment-592 Good point about the resiliency of the miners lately. I’m not sure if you saw this but I posted a detailed video analysis of both precious metals & the mining sector on Oct 1st which clearly lays out what I believe to be a bullish case, both intermediate & potentially longer-term. http://rightsideofthechart.com/precious-metals-mining-sector-outlook-video/ I also started making a case for a major top & reversal in the $USD months ago (that analysis can be found under the ‘Posts By Ticker’ drop-down menu on the home page under any of the following tags: $USD, $$DXY, or UUP.

]]> By: RickySixx6 https://rightsideofthechart.com/gdx-dust-update/#comment-590 Fri, 23 Oct 2015 16:26:54 +0000 http://rightsideofthechart.com/?p=168606#comment-590 I think you and I are seeing the same thing. For anyone holding DUST, the most concerning thing that I’ve witness this week is how resiliant the miners have been to any drop in gold vs. how well it’s reacted to gold rises.

]]> By: rsotc https://rightsideofthechart.com/gdx-dust-update/#comment-589 Fri, 23 Oct 2015 16:10:46 +0000 http://rightsideofthechart.com/?p=168606#comment-589 In reply to RickySixx6.

@rickysixx6 Although that big pre-market rip & reversal in GDX certainly got my attention, I can’t say that it changed my outlook for GDX although I can say that since shortly after selling NUGT then buying DUST yesterday, I’ve started to reassess my final pullback target in the miners with the increasing possibility that it may be completed. In fact, I may post a revision/suggestion to tighten stops on DUST here shortly as an update break of this triangle pattern in GDX would be bullish for the miners & I’m actually leaning towards the upside resolution at this time.

View post on imgur.com

]]> By: RickySixx6 https://rightsideofthechart.com/gdx-dust-update/#comment-588 Fri, 23 Oct 2015 15:40:15 +0000 http://rightsideofthechart.com/?p=168606#comment-588 Did all of that action still maintain your belief/position of a 14-16 Dust in the near term?

]]> By: rsotc https://rightsideofthechart.com/gdx-dust-update/#comment-585 Fri, 23 Oct 2015 14:11:18 +0000 http://rightsideofthechart.com/?p=168606#comment-585 In reply to david k.

Exactly. Essentially, when GDX topped in pre-market shortly before the open today, DUST ripped higher by more than 17% in just over an hour (I underestimated it to about 15% in the update that I just posted but just measured it). Quite the reversal for sure.

]]> By: david k https://rightsideofthechart.com/gdx-dust-update/#comment-584 Fri, 23 Oct 2015 13:43:41 +0000 http://rightsideofthechart.com/?p=168606#comment-584 Quite the reversal in GDX so far.

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