Comments on: Gold, Precious Metals & US Dollar Analysis 3-23-20 https://rightsideofthechart.com/gold-precious-metals-us-dollar-analysis-3-23-20/ Stock Trading, Investing & Market Analysis Mon, 04 Oct 2021 19:14:48 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: pbwilli37 https://rightsideofthechart.com/gold-precious-metals-us-dollar-analysis-3-23-20/#comment-14559 Tue, 24 Mar 2020 16:06:05 +0000 https://rightsideofthechart.com/?p=198911#comment-14559 In reply to wilhud.

Direxion cuts leverage on 10 funds, closes eight funds
Mar. 23, 2020 11:00 AM ET|About: Direxion Daily Russia Bear … (RUSS)|By: Liz Kiesche, SA News Editor
Ten of Direxion Shares leveraged funds will now seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, instead of 300%/-300% previously.

Becomes effective May 19, 2020.

]]> By: wilhud https://rightsideofthechart.com/gold-precious-metals-us-dollar-analysis-3-23-20/#comment-14535 Tue, 24 Mar 2020 07:00:58 +0000 https://rightsideofthechart.com/?p=198911#comment-14535 In reply to rsotc.

Interestingly the x3 leveraged JNUG and NUGT have completely disconnected from the GDXJ and GDX with much larger volumes going through. I haven’t seen a reasonable explanation or whether they will reconnect or get wound up? I can only assume margin calls are being chewed through depressing prices.

]]> By: wilhud https://rightsideofthechart.com/gold-precious-metals-us-dollar-analysis-3-23-20/#comment-14534 Tue, 24 Mar 2020 06:57:39 +0000 https://rightsideofthechart.com/?p=198911#comment-14534 Fundamentally – many of the miners I follow have shut down due to Corona (See Kirkland Lake yday, Hoschscild mining last week etc etc)…

Some of the biggest refineries in he world are shutting ( https://www.kitco.com/news/2020-03-23/Swiss-gold-refinery-Argor-Heraeus-suspends-production-due-to-virus-threat.html#.XnmHP7yNKJE.twitter )

US mint is apparently out of silver bullion.
https://www.bullionbypost.co.uk/gold-news/2020/march/13/us-mint-sells-out-silver-eagles-demand-surges/

It appears impossible to buy physical anywhere close to spot. Supply chain issues and potential for massive inflation due to QE? Seems like it’s time to sit back on these long positions of precious metals and don’t get whipsawed out.

]]> By: Tom123 https://rightsideofthechart.com/gold-precious-metals-us-dollar-analysis-3-23-20/#comment-14531 Mon, 23 Mar 2020 21:24:59 +0000 https://rightsideofthechart.com/?p=198911#comment-14531 Thank you Randy. Can you please post /PA and /PL charts?

]]> By: pbwilli37 https://rightsideofthechart.com/gold-precious-metals-us-dollar-analysis-3-23-20/#comment-14530 Mon, 23 Mar 2020 20:48:35 +0000 https://rightsideofthechart.com/?p=198911#comment-14530 In reply to rsotc.

Thanks, it looks like we might have a bear flag in the making.

]]> By: Nana https://rightsideofthechart.com/gold-precious-metals-us-dollar-analysis-3-23-20/#comment-14529 Mon, 23 Mar 2020 20:32:03 +0000 https://rightsideofthechart.com/?p=198911#comment-14529 In reply to rsotc.

Thanks Randy..

]]> By: rsotc https://rightsideofthechart.com/gold-precious-metals-us-dollar-analysis-3-23-20/#comment-14527 Mon, 23 Mar 2020 20:03:04 +0000 https://rightsideofthechart.com/?p=198911#comment-14527 In reply to pbwilli37.

The charts of the miners got pretty busted up in all of the panic selling recently & I wish I had a better read on the near-term direction but I don’t. However, as I stated in the video, assuming that gold already has started or soon will begin the next leg up within its bull market, the rising price of gold coupled with extremely low energy (oil/fuel/electricity) costs would be bullish from a fundamental perspective. I’m going to dig a little deeper into the charts of the gold & silver mining stocks & ETFs & will post anything that looks compelling.

]]> By: pbwilli37 https://rightsideofthechart.com/gold-precious-metals-us-dollar-analysis-3-23-20/#comment-14526 Mon, 23 Mar 2020 19:51:31 +0000 https://rightsideofthechart.com/?p=198911#comment-14526 What are your thoughts on the miners?

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