Commodity ETFs Form Bullish Reversal Candlestick Patterns

Gold and energy equity ETFs formed bullish engulfing candlesticks during today’s trading session after printing bullish hammer reversal candlesticks yesterday:   GDX (Daily)     OIH (Daily) The backtest results for a bullish engulfing candlestick in OIH are especially impressive … Continued

For Gold Miners A New Cycle May Be Just Beginning

The recent trend in economic data is, to put it nicely, poor. Factory orders, new home sales, corporate profit margins, and various indicators of global growth are all trending lower with many reaching lows not seen since 2009:   Factory orders … Continued

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