Whose buying NUGT? I think that gold and miners are very over extended would you buy NUGT now? It could make you the guy holding the bag when it opens 20% down. Its just too late in the cycle to buy NUGT here. I'll wait for a pullback to get in. Buy DUST? Not sure I would do that any time soon. Too hard to tell. If you listen to others shorting a baby bull is a...
I believe that GDX is stuck in a sideways trade zone. It will need to break through and close higher than 20.93 to signal a break upward momentum and possibly the start of a new trend. It could end up going as low as $12.90 in the next few months. If it breaks 12.90 it would signal the start of a new downward trend. Lots of turbulence right now making it hard to...
MULTIPLE TECHNIQUES SHOWING CONFLUENCE..... TIME IS APPROACHING... IT IS GOING TO GET VOLATILE RETEST THE DOWN STRUCTURE OR AND FLUSH TO LOWER LEVELS OR BREAKS OUT TO RETEST THE HIGHS
PRICE ACTION ON 15 BASIS... OBSERVE PRICE...STUDY PRICE IT SHOWS THE SIGNS OF WHEN TO FOLLOW
FX_IDC:XAUUSD AMEX:DUST AMEX:NUGT AMEX:GDX Fundementals: The most fundamental driver of gold is interest rates, more specifically our treasury spread. In our recent years we have seen our yield curve flatten. Before we can fully understand what this means, we must see that there are two forces that are at work. The first we need to understand is that a...
OBSERVING PRICE ZONES.......IF FALURE BELOW 1211.20 THEN LAYING OUT SOME PROBABLE PATHS OF PRICE.. ANY CLOSING FAILURE BELOW 1175 INCREASES ODDS THAT PRICE WILL RUSH TO THE BREAKOUT AT THE BOTTOM OF THE BASE.. STAYING ABOVE THE HIGHLIGHTED BALANCE POINTS GIVES THE DESIRE BIAS OF ITS PATH.
Gold prices have been volatile, flucuating between $1,275 and $1,220 as markets remain indecisive on what stance to take: is the Federal Reserve going to continue hiking assuming the economy will "gradually improve," or with traders continue to look for safer locations to place there cash? According to recent capital flow data, the GLD has seen redemption as...
DESCRIPTION ON CHART
Great increase of upward movement today on greater than average volume. Prices closed very near the high of the day; however, even with the extra volume prices could not break resistance (C). The next few trading days will be very important. If the rally falls and this creates another lower high below resistance (D) then I believe we are seeing larger scale...
Bulls remain in control of the ascending channel as sellers were unable to follow through with yesterday's decline into FOMC. Support noted at 61.8% retracment
Despite what so-called gold bugs have been trying to predict for years, it still remains seen how valuable the most "hated" asset on Wall Street can be. Calls of $10- or $50,000 gold have made headlines and often laughs, but when investors take into account the supporting fundamentals, gold can be extremely beneficial during these centrally-planned...
Our bias is currently Neutral but until the 4hr 50/60 ema is cleanly broken and re-testest as new resistance then its in a neutral stance, IF however the prior mentioned happens then the stance will be bearish.
Follow the volume. Moves signaled by low RSI, Low Money Flow, Fisher either low in reversal or in up signal, WITH INCREASING VOLUME FOLLOWED BY VOLUME ABOVE the increased volume average, signal a long DUST trade. Then, volume bell share with increased DUST Price as volume drops. Sell signal is normally at RSI over bought.when in an up channel, else RSI60 over...
Possible bullish crab forming on GDX. Pattern targets 17-17.25 as PRZ. This area also lines up well with previous support/resistance.
Roadmap......Gold is approaching strong overhead "Potential Resistance" into "Time". Breaking below the inflection point of 1142 increases the odds to attack deeper targets.