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GLD & GDX Analysis

Member @dpatel asked for my thoughts on GDX in the trading room. Typically, when I go "quiet" on a major asset class, such as gold & the miners, I don't have much of an opinion or good read on the charts. I've also stated that in recent weeks with the last update on GLD & [...]

Apr 12, 2017 10:12am|Categories: Gold & Commodities|Tags: , , , |1 Comment

GLD Poised To Open On Trendline Support + GDX Update

GLD is currently poised to open right on this uptrend line which is fairly significant support. While I'm still leaning towards a move down anywhere from 116 to 113, should GLD hold this support & move higher it could burn through the recent negative divergences that are still intact. GLD 60-min Feb17th close [...]

Feb 21, 2017 9:28am|Categories: Gold & Commodities|Tags: , , , |Comments Off on GLD Poised To Open On Trendline Support + GDX Update
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