Wealth Creation Through Natural Resources
A ten minute video that talks about what investors might want to look for in terms of a bottom in the gold mining sector over the coming weeks and months: DISCLAIMER: The work included in this article … Continued
After a ~30% rally in the span of less than a month, the gold miners as represented by the GDX have just experienced the first multi-session correction since the rally began on May 30th. At yesterday’s close the consensus appeared … Continued
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
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
The 2016 gold bull market is on life support as I write this. While gold is still up more than 7% year-to-date and the GDX is up nearly 45% it certainly doesn’t feel that way after the downtrend of the … Continued
The bear flag interpretation of the recent move up in the gold miners has turned out to be correct with the falling 50-day moving average proving to be an excellent spot to sell earlier in the week: GDX (Daily) The breakdown has … Continued
The gold miners as represented by the GDX continue to consolidate within a relatively narrow range just below the largest volume-by-price bar of the year: GDX (Daily) The correction of the last couple of months against the backdrop of … Continued
The gold mining sector as represented by the GDX has been working on a bottom for the last couple of weeks and there are some subtle, yet constructive signs that a larger rally may be close at hand: GDX (Daily) … Continued