This past week ended on a negative note for the mining indices since GDX and GDXJ seem to have been rejected at the down trend ceiling once again (even though some big individual names have pretty bullish charts): GDXJ:GDX Isn’t looking that great...
Continue reading » August 5, 2017 admin Chart of the Day, Gold & Silver Stocks No Comment At the start of the monstrous leg up in the miners early 2016 one of the most explosive mining stocks out there was First Majestic Silver Corp, which rose over 500% before a severe correction took hold. Many people has probably seen the graph of...
Continue reading » June 25, 2017 admin Gold, Gold & Silver Stocks, Silver No Comment Next two weeks will be the most interesting ones for the miners in many months… We are nearing the end of a multi month triangle and bumping up against a downward trend ceiling that goes all the way back to 2011. When this...
Continue reading » June 16, 2017 admin Gold, Gold & Silver Stocks, Horseman's Portfolio, Silver No Comment The miners have taken a real beating over the last couple of weeks, and as of now GDXJ (Junior miners) are below the floor of the giant wedge formation (Bearish)… Notes: Below wedge floor (Bearish unless it’s a fake break, which in that case would...
Continue reading » May 5, 2017 admin Gold, Gold & Silver Stocks, Silver No Comment Lets take a look at the correlations during the time period 2017-03-01 to 2017-05-01: Data Observations GDXJ correlation with gold literally went down the drain, with a coefficient of only 0.06! Probably a lot to do with the GDXJ rebalancing. Gold saw...
Continue reading » May 2, 2017 admin Market Flash No Comment Perhaps you have heard about the issues Van Eck have had in regards to GDXJ, in that the ETF has experienced such big inflow volumes that it started to push 10%+ ownership in some miners. This has led to operational problems and can lead to...
Continue reading » April 20, 2017 admin Gold, Gold & Silver Stocks, Horseman's Portfolio, Silver, Silver & Guld No Comment Background In the last couple of days, some of my best performers have been Novo Resources and Orca Gold. These two companies performed pretty well despite gold posting a minor decline. I have personally found that the mentioned shares seem to trade somewhat differently compared...
Continue reading » April 19, 2017 admin Gold, Gold & Silver Stocks, Silver, Silver & Guld No Comment Bought some more shares of Sage Gold, Southern Silver Exploration as well as Kootenay Silver. Sold a small percentage of Golden Arrow Resources. Also added a small position in JDST (A 3x leveraged gold junir bear ETF) for hedging purposes. I think the next few days...
Continue reading » April 18, 2017 admin Gold & Silver Stocks, Silver & Guld 1 Comment Gold popped on Trump’s comments about wanting a weaker dollar as well as a low rate environment going forward: Miners yawned. Especially the junior miners index (GDXJ) that was yet again capped at the “You Shall Not Pass” Trendline: The...
Continue reading » April 12, 2017 admin Gold, Gold & Silver Stocks No Comment Gold futures are currently trading just above the it’s very significant 200 Day Moving Average: As you can see in the graph above, the 200 daily Moving Average has been a very important support/resistance point for gold in the last couple of years....
Continue reading » April 7, 2017 admin Uncategorized No Comment 
