JAY_c5velm

JAY_c5velm

I was bearish, waiting for a correction that didn't come. GDXJ made new highs last friday, and they can move higher to the 63 - 65 range, at least (no resistance) This is just another idea, one possible path for Gold that could bring gold to 1950 at the end of August (four weeks away), touching the upper line of the trending channel. I don´t think we´ll need that...

JAY_c5velm Updated 

I´m very very bullish in the precious metals sector. That doesn't mean that it has to rise every day, every week and so on. In fact, corrections are sharp in this sector, and all those who have been investing in it for long know it very well, even during the bulling phases, like the one we are in. These are my views regarding the GDXJ fund (gold mining in...

JAY_c5velm

This is how I see gold currently. That is, in the top of channel, waiting for a correction. Don´t know exactly how deep. Maybe not too much, arround 10% or so, is possible. It could unfold similar as the first one back in 2019. Lets´see. Good luck.

JAY_c5velm Updated 

Gold possible coming up leg

JAY_c5velm Updated 

There is a correction on place. This is another scenario. GDXJ could fall minimum 42, and not lower than 38 range. I´m comparing it to what happened last year.

JAY_c5velm Updated 

Since last Friday, I expect a new leg up in the gold stocks. Minimum target the top channel. If new gold leg up is stronger gold stocks could go higher, surpass the channel and then correct. I expect this leg to last at least three days or so. Then..... Following previews patterns, consolation for a few more weeks, but unless there is very sharp upleg...I don''t...

JAY_c5velm Updated 

I will share my thoughts. I´m fully invested in gold stocks. My chart indicators "tell" me. - Daily charts have corrected and also is expected a rising in stocks next weeks. I expect that we finally reach and surpass the 48-50 level. About a 10% rise from today levels. - A daily full stochastic is "telling me" that we are in course of a correction (that´s true,...