TAG: e-gdxj
Silver Flashed the Signal Again!
Silver Signals Weakness Despite Short-Term StrengthThe above is probably something that you might be thinking. And while I can’t tell with certainty (nobody can), there are a few signs suggesting that the top is in or at hand, depending on what part of th...
2 months ago
Record Weekly Declines in Miners and Bitcoin
Record Weekly Decline Not Seen Since May 2022The GDXJ closed the weekly with a record (nominal) decline – that we haven’t seen since May 2022.The above chart shows that the multi-top that the GDXJ is most likely forming is indeed (as I wrote about it befo...
1 month ago
Gold Price Forecast – Recent Breakout Supports $2,800 Price Target
GoldThursday’s breakout in gold supports a phase II rally towards $2,800. The most bullish outcome would be if prices finish next week above $2,650. In that case, I’d have to raise my price target closer to $3,000 immediately.Silver Silver could be on the...
1 month ago
Broad Bottom in the USDX – Get Ready!
USD Index Poised for a RallyPerhaps GDXJ will do the same shortly.Gold’s strength, silver’s breakout, and a clearly unconfirmed breakout in the GDXJ may seem perplexing when taken separately, but together, they paint the same picture: the precious metals...
3 weeks ago
Upside Target for Gold Price
Fibonacci Extension: Gold Nearing Its TargetThis has been one of the “the market can stay irrational longer than you can remain logical” cases, as gold has been moving higher relentlessly despite the USD Index’s broad bottom and breakout in the USD/YEN cu...
2 weeks ago
Dollar’s Possible Breakout and Its Major Implications
Gold’s Rising Wedge Breaks: A Bearish Indicator“So far” is the most important part of the above sentence. Perhaps writing “yet” would be even better. The yellow metal moved lower after touching its upside price target, which means that the decline we see...
2 weeks ago
The US Dollar Soars! USDX’s Biggest Weekly Rally Since 2022
De-dollarization and Sentiment CyclesAll or some of them might be true, but it absolutely doesn’t mean that they have to result in any specific market moves NOW or shortly.Conversely, the proponents of those theories usually become most vocal (or maybe it...
1 week ago
Huge Impact of Low Open Interest in the USDX
USD Index Surges Amid Short CoveringYup. Even though the USDX moved high so profoundly, it wasn’t fresh buying that pushed the price higher. It was a short covering, and it has major implications going forward.How do I know? Because we see that open inter...
1 week ago
Gold Price to Decline Based on Bond Yield Moves
Historical Data Reveals UncertaintyThe bond yields are declining, so gold must be going up – that is what we are hearing and reading over and over again.On numerous occasions, I emphasized that gold is most likely to move in the opposite to real yields, n...
5 days ago
Copper’s Not-So-Hidden Signal for Gold
A Normal Correction Amidst USD StrengthThis appears to be taking place in gold and mining stocks right now. It’s not only a general tendency for the markets to correct in this way that should one doubt the healthiness of the current “upswing” in the preci...
1 day ago