Comments on: GLD, SLV, SIL, GDX & HL Outlook 9-5-16 (video)

By: dan123

dan123 — Thu, 08 Sep 2016 03:31:35 +0000

Thanks Randy, great summary

By: lee1

lee1 — Tue, 06 Sep 2016 17:26:46 +0000

All that negative divergence simply ended up being the catalyst for a huge run higher

By: snp

snp — Tue, 06 Sep 2016 13:20:19 +0000

In reply to ben711. the line on Friday could go either way (resistance or support) depending on where it is drawn (wicks or bodies). however, today it is appearing more like support, ie: backtest of support from ABOVE (as I posted last week).

By: dmel

dmel — Tue, 06 Sep 2016 11:16:30 +0000

In reply to rsotc. nice overview,Gold will be very important moving forward

By: Ruben

Ruben — Tue, 06 Sep 2016 01:59:53 +0000

Thanks Randy!!!

By: joefriday

joefriday — Mon, 05 Sep 2016 23:41:21 +0000

Thanks Randy… Good summary!

By: rsotc

rsotc — Mon, 05 Sep 2016 22:32:49 +0000

Ben- Now that you point it out, yes. I'm surprised that I didn't catch that earlier, thanks for bringing that up. GDX managed to close the week right back on this long-term downtrend line after moving well below early in the week. Looking at the very overbought/over-extended readings on the weekly PPO & RSI, I wouldn't be surprised to see additional backtests of this TL at lower levels in the coming weeks, assuming that it holds. Here's my GDX weekly chart:

By: ben711

ben711 — Mon, 05 Sep 2016 22:08:46 +0000

Do you see a backtest of the downtrend line on GDX weekly?