Get started

NUGT

#gold consolidates in $1630s miners lag min 10% $GDX $NUGT $DUSTIt is uncharacteristic for the miners to lag in this way, usually, it goes the other way around. The explanation is simply that the S&P is near all-time highs and has signaled repeatedly to short the gold mining companies and ETFs. GDX resistance in the $31 region is not likely to hold this time. Gold miners are seeing all-time record profits due to gold reaching new all-time highs in every currency but the US dollar ( XAUUSD ) and Swiss Franc ( XAUCHF .) Most mining costs are incurred in other currencies where gold has been hitting all-time highs repeatedly for many months. Shorting of the miners are will be bad for business as these levels are pierced.
AMEX:GDXLong
by blloyd
Reversal of $DXY may have put a floor on #gold $GLD $UGLD $NUGTThe otherwise bearish gold chart may not touch down on $1400 to $1420 as many expected it to. Trade wars and tariffs along with the debasement of all fiat currencies may trigger the return to higher gold prices. Gold bugs who have been frustrated again and again over the last 5+ years may now see another large scale move as short positions are covered heading into the end of the year. The long-awaited event may be at hand. Goldman Sachs says gold is going to $1,600 www.kitco.com Here is what that might look like. Otherwise, look for support around $1415.
OANDA:XAUUSDLong
by blloyd
1
Target for $JNUG at different $gold spot prices $GDX $NUGT $GLDThe ascending triangle in the gold price displayed here: Has produced a double bottom and bullish XABCD pattern displayed above in pink on the $JNUG chart. A return to the recent highs will likely send $JNUG back into the $76 to $83 range. Gold is, momentarily, no longer inversely correlated with the stock market. Negative real interest rates globally and the inverse correlation with USD is now the primary driving force in the price of gold. Lower interest rates and (not QE ) QE are repricing the US dollar against major world currencies and gold:
AMEX:JNUGLong
by blloyd
Target for $NUGT at different $gold spot prices $GDX $NUGT $JNUGThe ascending triangle in the gold price displayed here: Has produced the consolidation wedge displayed in the green triangle pattern above in $NUGT. A return to the recent highs will likely send $NUGT back into the $36 to $38 range. Gold is, momentarily, no longer inversely correlated with the stock market. Negative real interest rates globally and the inverse correlation with USD is now the primary driving force in the price of gold. Lower interest rates and (not QE ) QE are repricing the US dollar against major world currencies and gold:
AMEX:NUGTLong
by blloyd
NUGT: ~44.91 by Late MondayGold has soared and broken downside consolidation & resistance based on what will eventually be a double cut (ECB/Fed) cut in September contingent on an extreme escalation in the USA-China trade war. I will refrain from going into too much detail for my reasons and the specifics to avoid redundancy. Please check my numerous and incredibly accurate predictions on Gold in my profile. My Monday target is 44.91 as a conservative value which represents a further 10.96% increase from Friday. A potential (but not for certain) target will be 47.38. The race to the bottom for currency is on. Long Gold/Silver in a big way. - zSplit
AMEX:NUGTLong
by PaulDeep19131
2