GDX broadening wedge ideathe broadening wedge as well as the overbought rsi lead me to believe we may have reached the top or at least are going to see a bit of a retrace. by lofihennyPublished 5
GDX - breaking out!GDX at critical juncture. Chase seems like it's on. Looking for some volume to get this ready for the next level. Longby BobbySpaPublished 5
GDX bearish volume divergence + critical support levelskinda bearish for the short term super bullish mid/long term for gold and gold mining stocks GDXby lofihennyPublished 7
Similar hereIf it pulled back below the yellow line, hmmm... otherwise, haaa...by Dllew2019Published 5
Two Patterns in GDX "New Bull" Price ActionSince the reversal on the 16th, two dominant chart patterns—symmetrical triangle and continuation channel—have been playing out. I didn't spot the latter until the price action smashed out of the triangle, but there are some notable fibonacci pivots. Price is currently sitting at the crucial .618 level which it has bounced off of at least four times (depending on how you count). Looking for a further breakout or a retrace on Monday. The bearish divergence in volume makes me think the latter is more likely but sentiment about the Fed's pump and/or a move in the price of gold are strongly in play. (Novice trader, not advice, feedback welcome, &c.)Shortby syzygy1Published 8
GDX Testing Horizontal TrendlineGDX tested a historic longitudinal trendline on weakening volumes today as equities soared, closing just north of the slowest VAMA band. Next two days critical for GDX and GDXJ . I'm short both ETFs and hope to see a repeat of March 25th. (Caveat: not only does this post not constitute financial/trading advise, it is the opinion of a rank amateur.) by syzygy1Published 5
Great setup for $GDX$GDX Nice break-out here. Be aware that this is a highly manipulated asset, so set your your stops on a closing basis. Longby enungraficoPublished 6
GDX expecting 23 support to hold GDX expecting 23 support to hold and a buy opportunity is there.. It looks like Elliot wave classical B wave is complete but i feel time correction is not yet complete.. expecting a support around 23 and possible bounce from there for short term.. expecting...B wave to conclude by Mid April ..Elliot A wave correction took 3 weeks and 1 day to complete.. and B wave need to be at least 4 weeks and this reason i expect support at 23 to hold and may be target 28.5..by karagis75Updated 11
GDX weekly closed above cloud bottomAlready said enough about it's strength. I would use hourly cloud bottom as stop for long.Longby Dllew2019Published 1
GDX: Long opportunity for the patient tradersGDX , AMEX:GLD and GC1! are all correlated - GDX lost 40% of it's peak value in 3 weeks - and shot thru the 3-year lows - this represents a "golden" opportunity - pun definitely intended :) - to someone who wants to ride the opportunity and invest in gold - GDX provides a way to do that with small capital - i would consider watching the GDX ATM Calls for 4 to 6 months out - but only establish the trade once the reversal to the upside is confirmed and we have a good and reliable target count - this may happen in few weeks depending on when demand returns to gold by large investors - who had to liquidate to support their equity positions -- this is another trade idea for the "patient fisherman" (edited - my edits now showing)Longby RedKTraderUpdated 4
Gold mining ETFs are not worth anythingWeekly target of $23, long term target ETF delisted. Gold mining companies derive their value from the gold they produce. Their value will never increase in a greater percentage vs. actual gold because paper traded gold does not have the same built in overhead costs that companies have. Owning gold mining stocks, ETFs, baskets, etc. have no relation to the reason for owning physical gold and I don't see how mining companies would be immune to the global sell-off. Shortby NeoButaneUpdated 999
Long $GDX BreakoutWith gold breaking out a bunch lately this will surely follow it , especialy with a clean breakout of this 30-31 doller level .. easy breakout trade imo.Longby wogtazUpdated 3
GDX just got my attentionI 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)Longby gghsusaUpdated 1111
GDX more pain aheadI would think 23.8 is the new area to short. Looks like it is comparable to 2008. Unless easy money comes up, be cautious to a longer term long trade.by Dllew2019Published 3
GDXGold miners! The do one thing well: dig their own graves! @huge cost to share holders. by DrSammyXPublished 114
GDX - WOW!!When I wrote last night that mining stocks would be ripe for accumulation in my Gold idea I never thought they would give it to you in one day. Complete dislocation in XAU today and stock was being puked up. Its little brother NUGT traded down to 6 and DUST traded to 14. Crazy times!Longby BobbySpaPublished 3
GDX IS MOMENT TO DIEBULLISH GOLD SOTCKS AND ETF IS END .. WE IN BEAR MKTShortby alifx01Published 4415
GDX - looking for 23.50 zone for potential base/launch areaGDX Looks like need a bit more downside to maybe 23.50 area (c=a in a wave 2 of C) Before we can base and go higher in a 3rd wave of Cby WVS_StockscreenPublished 3