Wealth Creation Through Natural Resources
For the last year the gold mining sector, as represented by the GDX, has been strictly range-bound. Of course there have been moments of optimism in which it seemed that the sector was breaking out, and there have also been … Continued
Gold is on the brink of confirming that it is in the midst of the next leg of a bull market which began in December 2015. Without delving into various technical patterns the situation can be described quite simply in … Continued
For much of 2017 the gold mining sector as represented by the GDX has been meandering aimlessly in an increasingly narrow range. The range-bound price action has narrowed to the point that the GDX is currently experiencing its lowest realized … Continued
This afternoon, as I watched the GDXJ (the GDXJ is technically called the VanEck Junior Gold Miners ETF although VanEck Mid-Tier Gold Miners ETF would be a more appropriate name) drift lower in light volume trading for the 6th consecutive … Continued
321gold founder and editor Bob Moriarty is always candid and tells it like he sees it. However, my latest conversation with Bob reached a new level of authenticity and insight; Bob takes no prisoners while dropping several market knowledge bombs throughout what … Continued
Yesterday we saw the GDXJ close lower for the 5th consecutive trading session, while also closing below its lower Bollinger Band for the 2nd straight trading session: GDXJ (Daily) Yesterday’s trading session also formed an ‘inside day’ (higher low and … Continued
While gold futures ended the week near $1290, barely $1 off its highs and up ~2.5% for the week, the gold miners told a slightly different story. The GDXJ fell 3.52% on Thursday and only managed to gain 38 basis points … Continued
According to RBC mining share valuations have flipped considerably in the span of less than two months: After reaching a roughly 15% premium to net asset value (NAV) at the February peak the recent underperformance in mining shares relative … Continued
Heading into today’s trading session the market was clearly worried about a hawkish statement from the Fed with the potential for a faster series of rate hikes than previously expected. As it turned out the Fed statement was fairly neutral … Continued
After running into resistance in early February the gold miners have been correcting for the last month. The correction has been deeper than a ‘garden variety’ sort of pullback with the GDX declining 17.5% from its peak on February 8th … Continued