GC_F Gold futures Oct 21st, 2019
GLD Oct 7th, 2019
Looking at this from a different perspective using TrendSpider charting software has greatly increased our confidence in this short position. You can SEE the difference! Confirming our short position nicely here while gold is still high, with substantial downside potential.
GDX Oct 9th, 2019
GLD Sept 27th, 2019
GLD Sept 30th, 2019 Chart update
Confirmed weakness. Seeing no reason to be long and could end up going substantially lower.
GLD Sept 25th, 2019
GDX Sept 25th, 2019
How to create charts like a pro using TrendSpider
GDX Sept 20th, 2019
GDX Sept 17th, 2019 Chart update During market hours
Strong and thinking gold and silver stocks continue higher. Potential breakout stocks.
GDX Sept 17th, 2019
Liking this reversal attempt (while its still low) just pushing above initial resistance here.
GDX Sept 17th, 2019 Chart update EOD
NOTE A good move today on gold however keep in mind the FOMC announcement tomorrow at 2:00 PM EST and will likely affect price. Extreme volatility is not unusual.
GLD Sept 13th, 2019
Monthly chart Rejected at resistance.
See just below (along with other charts and commentary) to get the bigger picture on gold.
GLD Sept 7th, 2019
As you can see from this chart below (that was posted to the public) this line of resistance was in question, well before the sell off this week. Though gold did push through, it was too high, too fast. Understand it’s not unusual at all for a stock to retrace after it’s first attempt to break through such points. That being said, I wouldn’t be in a hurry to try and guess how low this goes now. Often times stocks can (and do) pullback more than we expect. For now we’re focused on other stocks showing good strength in the stock market.
So after being bullish so long, why did I get bearish on earlier on this week? See more below on GDX (the setup)