Wealth Creation Through Natural Resources
IDM Mining is committed to moving forward one of Canada’s highest grade and most economic gold resources to production Targeting 100,000+ ounce (gold equivalent) of high-grade gold production in Western Canada’s most prolific gold district Permits expected by Q1 2017 … Continued
We have not kept it a secret in recent days that we have turned short term bearish on gold and gold miners. Today the gold miners as represented by the GDX sold off 4.3% and there are mounting signs of professional … Continued
Since breaking higher from a bullish pennant pattern on March 3rd gold has run into stiff resistance above $1275: Gold (Daily) The bearish divergences have begun to pile up and the volume & volatility expansion we have seen since … Continued
The gold miners have bumped their head up against resistance for 3 consecutive trading sessions and today’s large bearish engulfing candlestick may signal that a correction is underway for the best performing equity sector of 2016: GDX (Daily) The … Continued
We are proud to announce the launch of the CEO Technician Premium Service which includes: A morning market email offering market analysis & commentary before each trading day. In addition, the morning email highlights our best trading ideas for each … Continued
The price action in gold has been undeniably impressive; a massive advance to begin the year, followed by a consolidation (multi-week pennant), and then a powerful breakout above $1250 last week targeting a move above $1300: Gold (Daily) With … Continued
The gold miners as represented by GDX are on the verge of achieving a 70% gain since the all-time low at $12.40 which was printed barely more than 6 weeks ago: GDX (Daily) There are a few notable observations … Continued
While GDX is on the verge of experiencing a ‘golden cross’ (50-day SMA crossing above 200-day SMA) today’s large bodied bearish engulfing candlestick combined with a bearish MACD cross offers a distinctly bearish flavor: GDX (Daily) Both the bearish … Continued
Despite a ~$70/ounce pullback since trading up to $1263.90 a couple of weeks ago gold futures speculators continued to pile on bullish bets, reaching the highest levels of net speculative length since last October: Large & small speculators combined … Continued
Everyone has been watching the pennant pattern in gold this week and today it appeared that gold was breaking out to the upside and headed to ~$1300: Gold (Daily) The key word is “appeared”. After trading as high as … Continued