Goldstocks
Silver & Gold- Both for Buy SetupFrom 13.51$- Silver completed its 1st wave at 20.81$ & has been doing very choppy move since that top & most likely to complete this correction at 61.8% of 1st Green Wave in the zone 16.20-16.30 $ range -if that zone holds then most likely Silver should move sharp upside.
Gold -looking for 1300+ Move in coming days
Gold pushed 100$- but later as it evolved & did not move above 1348$ which was expected to continue for 1377$-I took that as b-wave in yet to complete Y-wave
Gold - Last stop at 1200...The big players are dumping gold after the election.
Soon to form a death cross.
When will they stop?
Beautiful 5 wave downtrend for gold 15min chartExpect lower prices/decreasing momentum until the new year
GOLD CHANNEL PART 2We are currently trading in a very strong bull channel.
My long position was supported today when bounced very sharply from the 1286 level, and the MACD is about to cross. My expectation for the NFP is that they will miss, and we will see 130-150K jobs added in October (which the fed will justify is still enough to raise).
However we are clearly in a bull-trend right now, and we should continue this trend to 1400 in the upcoming months.
Elliot Wave and Fib for Gold Pre November 8Final days I should think to get in your NUGT/DUST/JDST/JNUG orders!
GDX - POTENTIAL DOUBLE BOTTOM - IS IT ROCKET SHIP TIME?I believe a double bottom has formed at the 22.50 level. This could lead to a potential boost to 26 over the next few weeks.
We have seen a nice bounce off this level in the second week of October, and have been progressing well a long the daily bullish trend-line. Unfortunately, miner equities and ETF's have been selling off with the recent equity sell-off, and it's gains have been capped. I believe that as long as gold remains bullish this week and bounces over 1280, we will see the GDX take off, and it will decouple from it's relationship with the other equities, and lean more towards it's relationship with gold.
BTO.TO - GOLD - B2GOLDRoughly trading on the same trend lines as gold.
I am personally long from 3.43 - 2.97 - 2.89 (in that order) Avg. Cost 3.23, SL 3.43, TP 4.75
BTO.TO dropped significantly (roughly 12%) in late September due to a administrative audit (pretty much BS, and nothing will come from it as mining production in this area has not been hampered), and has a lot of room to grow with gold.
Have been pushing BTO in the chat for a few weeks now, however given the fact that it is on the TSX (you can trade BTG in USD if you prefer, same company), the idea hasn't really caught on.
May want to wait for a bounce off of the lower trendline to buy long (I will be adding if it reaches this level), however I am unsure if it will drop to the second trendline unless we see a significant drop in the price of gold.
THE GOLDEN CHANNELI went long on miners at points A, and B.
I have been using this channel since October 24 to help analyze whether or not to add to my longs, or if we would drop to my second trend-line. Based on the help we received from Clinton today, and the fact that we closed over 1275, I believe the lowest we will see next week is 1268/69 (this is based on my trend-line, and RSI ticking up). I do not believe we will close below 1270 all week, and I think 1290 is a realistic target. (this is of course unless the Fed decides to raise interest rates in November, which I think is highly improbable). I also do not foresee us dropping down towards the second trend-line unless NFP is very strong (which I also believe will not happen).
I believe Bulls will have the momentum for the upcoming weak based on how this week ended (close over 1275), and I feel that the Fed and the NFP report will help solidify their grasp on the week.
gold:increasing volatility and volume resulting in higher lowsSupport around both the previous .5 retracement and current .618, but a downwards bet on gold could complete a wave 5 before correcting to wave 4 low. I expect either a double abc, or a setup for a small head and shoulders (rise to 1280, fall to neck-->1285 back down to neck). Increasing volatility and Volume could cause expansion of price above 1285 in next couple of days, however--large volume activity past few days resulting in higher lows.
Bearish Gold Idea: 2016 Reversal ConfirmationA convenient upwards trend prior to U.S election for wave two, along fib extension line. A break below LT .618 would confirm downward wave three @ the 1.618 of wave 1. A retest of the final fib resistance level for wave 4, to a sharp decline in 2017 for confirmation of 2016 reversal. Who knows! Good Luck, Matt
GOLDGOLD probably started new bear market. All the Gold bug$, get out. The green support line from end of 2015 has been broken. And also it touched the upper red resistance line drawn from 2011 high. Next stop for GOLD is around $1000/oz
GOLD RALLY TRIPLE BOTTOMRui is going up
Big support
We can see a triple bottom
if it breaks the 1315 we will se 1361 again.
Or maybe you can see a bull flag.
So we are going up.
NO WAY DOWN.
Come on the train.
GDX - possible move lower after triangle consolidationAfter the impulsive drop in Aug, seems to be consolidating in a triangle for another leg down to complete a A-B-C corrections of this year's rally from lows.
Asian MondayIn order to break the bear-market trendline, one need to have some power in the move.
Gold is building its wedge to knock the resistance line @ 1350-level. The wedge will be completed during Asian trading session and will be continued in the European market. The US market will be left partly on the train station. Gold targets the 50 % FIB retrenchment where the next move is... UP.
Notice the resistance lines in my other chart "The gold and the bull" and take profit accordingly.
Is the correction in gold miners over?ABX is the leader of the pack as it is one of the biggest and most famous gold miners and widely known for being owned by Warren Buffet. It is also the biggest component of GDX ETF.
Today, the priced retraced and crossed the 38.2 FIB at 16.76 and immediately jumped up above 17. If this continues up and not cross below this level again, it will probably lead the way out of the correction for the rest of the miners as well.
September 3, 2016 Golden Dawn Minerals- Stairway to heaven?Golden Dawn Minerals GOM seems to be on the verge of a massive breakout as it is pushing against resistance of $0.40 which was last priced back in 2008. There has been a recent volume spike (open buying interest) since the company started jockeying for a piece land which is also of interest to powerhouse major Kinross Gold Corporation K . Since GOM is traded on the Canadian Venture exchange it is not widely covered by major analysts so it has stealthily moved up under the radar. Full disclosure, I own shares in GOM .
McEwen Mining Inc. The Dividend Paying Junior MinerMUX is run by the same person who founded GoldCorp GG, and he has a 25% stake in the company that bears his namesake. McEwen Mining also pays a dividend while you wait for the price of XAUUSD to rise, and that is a rarity for a junior miner. Full disclosure, I dollar-cost-averaged into this company at around $2.00/share. My feeling is that when gold breaks $1400 this stock is going to run. The NI43101 looks solid as well. More information can be found at SEDAR .
