Weekly SPY/GDXJ ratio and the HUI index (miners). Food for thought…
Continue reading » September 17, 2021 admin Gold & Silver Stocks No Comment Follow me on twitter: https://twitter.com/Comm_Invest To win I just need this to NOT be the first time ever in thousands of years that gold does not do what gold has always done Everyone is aware that gold and the miners have been in a correction since...
Continue reading » March 4, 2021 admin Gold 9 Comments Gold miners have been in a 3-month long, gruesome correction. The good news is that a) This correction is very long in the tooth and b) Gold and Miners are just entering one of the strongest periods based on seasonality. A potential trigger could be...
Continue reading » November 18, 2020 admin Chart of the Day, Gold, Gold & Silver Stocks No Comment There will always be short term noise so it’s good to take a step back and look at the big picture: … What’s all the fuzz about?…
Continue reading » October 6, 2020 admin Chart of the Day 1 Comment I suppose the miners won’t see fireworks (big inflows) until the dotted line is broken:
Continue reading » February 9, 2019 admin Chart of the Day, Gold & Silver Stocks No Comment The GDX/SPY ratio is again butting head with a long resistance line that has held many times (so far). A rising ratio means that GDX ETF (Major miners) are outperforming the SPY ETF (S&P index). Are we nearing a big break that will signal the...
Continue reading » December 4, 2018 admin Chart of the Day No Comment Dollar has ruled the day for quite some time. GDX has had a stronger correlation with Exxon Mobil (substitute for oil expectations) and VWO (Emerging markets) than TIP (real yields) and GVI (bonds). VIX correlation turned to below -0.25 before the VIX spike… Maybe...
Continue reading » February 7, 2018 admin Chart of the Day No Comment A lot of the “twitter traders” I follow seem to have been bearish gold and the miners for quite some time (even expecting a crash), and more are joining the choir every passing day. Personally I am still 100% allocated based on my charts because the...
Continue reading » January 17, 2018 admin Chart of the Day No Comment This correlation matrix is based on logarithmic day to day changes for the last three months: De Grey Mining and Artemis Resources have the highest correlation to the daily movements of Novo Resources. De Grey and Artemis seem to trade pretty similar. Novo...
Continue reading » January 7, 2018 admin Novo Resources No Comment There are many theories regarding what market that actually leads in a precious bull market. Some say the miners. If it is the junior miners (GDXJ), which is considered riskier than the metals as well as its big brother GDX, then we should be very...
Continue reading » August 16, 2017 admin Gold, Gold & Silver Stocks, Silver No Comment