Gold & Silver Miners breaking out versus spx!!! WAKE UP GUYS !!!
Yep, this is happening right now.
Gold & Silver miners breaking out on daily chart versus SPX.
Are you sleeping?
6.01 USD
115.30 M USD
67.47 M USD
18.69 M
About ASA Gold and Precious Metals Limited
Sector
Industry
Headquarters
Portland
Website
Founded
1958
FIGI
BBG000BCDWN0
ASA Gold & Precious Metals Ltd. engages in the investment in the securities of companies engaged in the exploration, mining, and processing of gold, silver, platinum, diamonds, and other precious metals. The company was founded by Charles Engelhard on June 12, 1958 and is headquartered in Portland, ME.
Miners (measured in gold) are historically terribleGold and silver miners (measured in gold) are historically terrible long term holds.
However, there are periods where they can do violent bear market rallies.
This could be one of them.
Always use log scale chart.See this example for gold and silver miners monthly chart.
Don't get trapped using linear defined analysis.
Always use log scale chart.
Miners Priced In GoldYes, I have been bashing gold & silver miners for a while now, and rightly so.
But this is a rare time where I could be turning bullish.
It is an impressive feet to outperform gold, when gold is running strong in its own bull market.
#gold #silver #miners
Gold & Silver miners versus SPXHere is the hard truth for #gold & #silver #miners.
Their performance vs #spx still leaves a lot of questions unanswered.
Time will tell, but it looks like whatever is happening now is still just a bear market rally in a possible basing structure.
The bull era is not here yet.
gold and silver miners versus spxLower highs is not how you define an uptrend.
This does not mean it can't go up.
It just needs to do more work first.
#spx #miners #gold #silver
Precious Metals Fund (gold & silver miners)It took 2 years for #gold & #silver #miners to properly bounce on my imagined roadmap.
Possible bottoms are only confirmed with hindsight, with breakouts confirming trend reversal.
Better to to exit shorts on possible bottoms, not go long.
Opportunity cost is real.
Miners vs SilverHere are hard facts!
This is what happens to gold & silver miners in a true silver bull era, they under perform!
Evidence tells me that it is better to hold silver.
If this chart shows me something different, I will change my bias.
#silver #miners
gold & silver miners vs goldNobody wants to accept this.
Gold & silver miners have lost over 95% of their value priced in gold.
That is one massive secular down trend!
Right now, betting this reverses isn't the high probability move.
At best, you get a cyclical bear market rally.
#gold #silver #miners
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.