Gold mining companies and GDX are overdue for a hefty spike and trend-reversal north. By the way: Several top gold miners are coming up with Q1 earnings next week and spot gold has bottomed out with a classic double-bottom. Get ready for decent upside. Whatever it takes....................
D
Spot gold is up almost 2%............. Gold miners are benefiting nicely from rising gold prices.................. Plus check rising inflation, stimulus checks in the mail, huge government debt and state deficits, low interest rates cemented for years to come, several international crisis detoriating, economical and political catalysts for much higher gold prices................. whatever it takes..........................
r
I heard about GDX the other day on (http://Stocks-tracker.com). It’s looking like an interesting play.
N
Volume Volume Volume!
M
$36 break through:-) Spot gold is moving north and several top gold mining companiens (e.g. Newmont + Barrick) are coming up with earnings over next weeks.
元
When the eventual regulatory smackdown comes to crypto, look for gold to spike $100 an ounce overnight.
D
GDX is gaining steam......... very nice!
N
needs more volume
d
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M
Spot gold rising. Act accordingly. Q1-earnings from big gold miners in 2-3 weeks will shine bright. Position long and strong! Shorties will pay the price! Whatever it takes.
K
That's 6 days now over the 50 dma in GDX and sitting right at the 8 month long upper parallel channel downtrend line. This, in conjugation with a long term MACD crossover about to happen is not good if you're a bear. The last 3 instances of MACD crossover on the long term chart since late 2018 produced an avg. return of around 50% over an average of 4 months. NEM, PVG, AGI, GOLD, GDX and a few others stopped right at key resistance levels and when they break through, algos will be forced to flip from short to long, adding fuel to the fire.
#nem #gold #pvg
D
Spot gold and miners on the move up:-) Top gold miners with earnings next 2-3 weeks will get very interesting............ whatever it takes............................
"Still down 55%, eh!! Weird dough." - PK Still Particularly inseKure for you to post that. But thanks for selling your miner 'trades' 10-15% below current prices... now miners and metals can rip higher as all the Putrid Karma is gone. Hey... how's that GDX channel looking? lol... oopsy!
#gdx #kl
K
Volume basically half of average. Nice try, PK! Hey, tell the board how you sold your 'miner trade' well below current prices : )
Battle of the hedgetards going on in gold these last few days. They desperately don't want $1780 to be overcome because then it's a straight shot to $1850 and a bullish setup from there. But funds have been buying up large cap miners hand over fist these last several weeks in anticipation of this and GDX has leapt over the 8 month long parallel downtrend channel with today marking day 13 over the 50 dma (GDXJ, HUI, and XAU close to doing so as well). Not looking good if you're short this sector and the clock is ticking against you.
#gld #gdx
M
GDX's two biggest holdings (NEM & GOLD) are soaring. This will move up this ETF.
M
The inflation has unexpectedly risen to 2,6% in the USA in March 2021. Go for gold and especially the big gold producers (e.g. Newmont) with a lever to gold plus quarterly dividends, nice stock buyback programmes and increase in stockprices. The perfect hedge!
O
oh yeah!!! rise
A
I'm getting fed up with people calling gold a pet rock. It is used in the space program, computer electronics and cancer treatments just to name a few. Not sure how something with that many uses can be called a pet rock.
K
Awwww, isn't that cute? Trying to smack down NEM right at the upper parallel channel downtrend line to make the sector look weak with gold up $20. Like I said the other day, little furry wurry bears are NERVOUS.
#nem #gold #pvg
Still Particularly inseKure for you to post that.
But thanks for selling your miner 'trades' 10-15% below current prices... now miners and metals can rip higher as all the Putrid Karma is gone. Hey... how's that GDX channel looking? lol... oopsy!
#gdx #kl
#gld #gdx
#nem