Charts to help navigate through trends. XBI – Gold and Silver – Volatility Index “VIX”
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GLD May 3rd, 2021
GLD Feb 4th, 2021
The accident just waiting to happen, happened.
We continue to avoid.
GLD Jan 28th, 2021
Bearish stocks will rally but understand the difference between a bounce and the longer term trend.
GDX Dec 9th, 2020
Every rally has been getting sold into. Best to just keep avoiding gold I think until there’s a strong signal, with consistent price action and not just when there’s a one day wonder. The last thing you want to do is chase this.
GDX Nov 18th, 2020
Seeing no reason to be anxious to buy
GLD Oct 26th, 2020
I’m not a fan of gold when it’s continually trading in such a tight range as this. Could go either way here and so I’m not that confident about holding as a swing trade at this time.
Other good stocks to trade in the meantime. Remember, we’re out to win trading stocks. It doesn’t need to be gold.
GLD Oct 6th, 2020
Rejected at resistance Seeing no significant reason to be long
GDX October 1st, 2020
Posted during market hours. Breaking out above resistance. Expecting higher
GLD Sept 24th, 2020
GLD Sept 22nd, 2020 Monthly chart
Classic reversal signal, at resistance. I see no significant reason to be long on gold or silver stocks at this time.