I believe the miners are undervalued and stand to do well moving forward. Gold and silver have shown their stability through history and remain solid in my opinion. I see a lot of potential in the miners.
(renko blocks are not playable so I'l have to post updates below)
(renko blocks are not playable so I'l have to post updates below)
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Gold: Follow price. Follow the cycles: Note
miners falling 40%.. yes, my interested level just got tagged. Sign me up Note
under right now Note
WOW- today- INCREDIBLE in the miners. There are some stunts being pulled.. Seeing this type of strength is encouraging long term.. Hold fast: Note
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this is my renko chart on gold- if this plays out- we might see gold/miners drop once more. Note
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sold 1 gdx call today at the high- got lucky. I'm holding some long term call options for the big rally although I'm expecting another pullback. I've wondered if we'd see gdx break above the same amount it broke below and then fall back in the wedge.. I'd love to pick up gdx again at 24.. if it keeps going- then it keeps going! Note
GDX- just an interesting snapshot- GDX has been in a 7 year consolidation/energy building pattern.. exactly 7 years (2553 days). I'm still holding a little but I view this event as a breakout.
I personally will consider re-entry in any deeper pullback.. if it comes..
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.