The mining stocks are going to be stronger than the broad markets again?
Hui Gold Bugs at important level
I believe that the Goldminers (and Gold) entered a secular bull market in 2000 right after the tech bubble burst. This event marked the beginning of the ongoing Kondratieff Winter, which is a big bull market for Gold and Goldstocks.
I think 2017 will be a very good year for SVCMF.
Bull or Bear? Rejection earlier at long term uptrend line, but successful backtest (so far) of 3 year downtrend line. Lots of room to run if she can take out 200 or so.
Entry is now as marked on the Chart. I have also marked my Targets. This could roll into a longer Trade as I will let the chart take the last portion out. I will move my stop to even at T2
May drop further, but I am accumulating shares here.
Looking to play the new wedge. Long and short. Will be flat for NFP
Looking for the DXY to retrace and give me some downside to Gold. The Chart shows my plan. I will wait for a sell signal on a Micro time frame. 1300 is the desired area that needs to fail . We do have NFP in the morning and I plan on being flat for the news. Please note I will move stop to even at Target 1
Extreme pessimism. If doesn't run here, more down coming
RSI overbought and diverged, expect this index to pullback a bit (20 ~ 30%) and there may be another leg up.
A close inside BB needed to cancel volatily release
Point is to rejoin the uptrend at a cheaper price
Still positive but yesterday's candle needs attention
BB's "fish lips". Not wise to short the metals now