A review of the chart of GLD, SLV, SIL & GDX as they all approach key support levels with bullish developments on the chart that indicate a bottom may be close at hand. My preferred strategy of scaling into exposure in the gold & silver mining sector, along with the buy ranges, stop levels & [...]
I received a request for an update on SLV (Silver ETF) within the trading room & I figured this would be another one worthy of an update on the front page for all to see as there is a lot has been a lot of movement within the precious metals & mining sector recently. Starting [...]
An overview of GLD, GDX, SIL as well as HL & CDE, both of which are active trades at this time.
This video covers the near-term outlook for GLD, SLV, SIL & GDX with a look at the support & resistance levels, price targets & most likely scenario for the gold & silver mining sector going forward. (note: you may have to manually set the playback quality to 720p if watching this video shortly after being [...]
Actually, the title "Market Update" isn't very accurate as the definition of the word Update (as per Merriam-Webster) is: To bring up to date. Yet, the stock market ($SPX, $NDX, etc.. has gone essentially nowhere for over two weeks now, trading yesterday at the same levels it traded at back on August 5th and even [...]
This video takes a comprehensive look at the gold & silver mining sector, including numerous trade setups on individual mining stocks. An example is also provided supporting my preference to short vs. going long the 3x mining etfs, NUGT & DUST, when swing trading the miners with either a net long or net short position. [...]
GDX (gold miners ETF) ran smack into major downtrend line resistance on the heels of a very extended run. My expectation is for at least one more thrust down back inside the wedge pattern before any lasting breakout. GDX 2-day 4-yr Feb 4th GDXJ (Junior Gold Miners ETF) is at downtrend line (and [...]