The chart for the HUI Gold BUGS Index and the GDX/GDXJ ETFs have chopped sideways since December 2016, and all have formed bullish Ascending Triangle patterns along the way. Price is approaching a much tighter end of the formation, where something has to give sooner,...
Let’s start with a clip from my August 31st article with charts… “With all the focus on gold over the last few weeks, the mining stocks seem to be forgotten. Don’t do that. It’s time to pay close attention and evaluate your portfolio. Gold appears to be decisively...
With all the focus on gold over the last few weeks, the mining stocks seem to be forgotten. Don’t do that. It’s time to pay close attention and evaluate your portfolio. Gold appears to be decisively taking out the topside trendline that goes all the way back to the...
Before we cover the USD and precious metal charts, let’s take a look at some of the poor economic data that was released this past week. Prior to the FOMC .25% ‘dovish hike, inflation numbers came in and continue to run below the Fed’s 2% mandate, retail is swimming...
Before I give up the Technical Analysis charts on a few Miners’, please revisit what I discussed on May 16 about the USD vs Gold & Silver. Here is the Weekly chart from that article… Here is the USD Weekly chart as of the Friday June 2 close…...