Comments on: GDX & GLD Outlook (video) https://rightsideofthechart.com/gdx-gld-outlook-video/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:20:04 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: pzz https://rightsideofthechart.com/gdx-gld-outlook-video/#comment-798 Tue, 19 Jan 2016 17:11:45 +0000 http://rightsideofthechart.com/?p=169343#comment-798 Hi Randy!

Just rewatched this video since there seems to be a disparity between GLD and GDX like you predicted a week ago. Just wondering if you have any updated thoughts on where you see it going from here. Do you see the miners catching up or vice-versa?

Best

]]> By: rsotc https://rightsideofthechart.com/gdx-gld-outlook-video/#comment-773 Wed, 13 Jan 2016 02:05:12 +0000 http://rightsideofthechart.com/?p=169343#comment-773 Karl, hard to say but I think a move down to around the 12.00 level in GDX, assuming the 13.00 support goes (just over a 7% drop below 13.00) would be commensurate with a wash-out move in the miners. Heck, with the trading history of GDX, that would really only be just one really bad day or two average bad days so even a move well below 12, assuming that GLD hangs in there, is certainly a possibility.
On a related note, I wanted to keep the video as brief as possibly so I didn’t go over currencies but IF that wash-out move in GDX (and we could possibly even see one in gold) does occur, it will almost certainly coincide with a breakout in the $DXY/$USD (US Dollar Index) which has a double-top high/resistance, a breakout of which would almost certainly come in right around a breakdown of the low/support in GDX and/or gold. Sure, such a breakout to new highs in the $USD could stick with a new leg higher & a new leg down in gold but my read on the charts is that any breakdown in GDX and/or gold (as well as a breakout in the $USD) will likely prove to be a whipsaw signal, most likely followed by a powerful & sustained reversal.

]]> By: Karl345345 https://rightsideofthechart.com/gdx-gld-outlook-video/#comment-772 Wed, 13 Jan 2016 00:49:41 +0000 http://rightsideofthechart.com/?p=169343#comment-772 Hi Randy, I am enjoying your blog. This is my first post. I just watched your Gdx video. You posited that if Gdx makes a flush out move to the downside and gold doesn’t, we may see an important bottom. How far do you see this flush out move going on Gdx, if this scenario transpires?

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