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Tonight I would like to update some long term charts for Gold to give you a feel for where Gold is at in its secular bull market that began at the 2000 double bottom low. I’ve said a million times … Continue reading
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Lets start with the BPGDM, Gold miners bullish percent chart which has just made a lower low along with the GDX on top. If you recall I was looking for some kind of divergence between the 2 which hasn’t happened … Continue reading
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I’ve been suggesting for some time now that the PM complex is trading at a critical inflection point where they can have a big move in either direction. It may sound like a copout but that is what an inflection … Continue reading
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There is a potential new pattern forming in the PM complex which I first notice on the short term daily chart for GLD. Below is the daily chart GLD we looked at late last week which was showing the multiple … Continue reading
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When one just focuses on an index it can be misleading at times. Depending on what index one is looking at there are a number of individual stocks that make up that index. In a strong impulse move most of … Continue reading
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The following is an opinion piece assessing whether the gold mining stocks are in a primary bull or bear market. I form my conclusion by analyzing the charts, investor sentiment and applying the principles taught by the great published analysts … Continue reading
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Before we look at the charts I’m going to hold all my PM positions into tomorrow toward the end of the day trading to make a judgement if this is the beginning of something or the end of something. It … Continue reading
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I’ve been showing you how the PM complex has been breaking out from their August 2020 trading ranges which should be pretty evident by now. What we need to focus on are the individual PM stocks that are showing strong … Continue reading
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Lets start with the daily line combo chart for the PM complex which shows the H&S tops in place. Yesterday we looked at the SIL and SILJ that were sitting right on top of their bottom trendline. Today they are … Continue reading