Despite a $15 move up in gold, a 600 point down day, global weakness in stocks, sinking treasury yields, inversion of 3's v 10's, coronavirus, bad PMI, and truly a whole host of other bad news, GDX is struggling to take out resistance. I have been dumbfounded lately trying to figure this out. Perhaps on Monday when Chinese markets get killed and US futures are down big, maybe then we will see a spike. GDX needs to take out 31 to convince me that it has legs. NEM closed very weak today. Just not sure what to make of this but I am watching it very closely as I have recently established a long position in DUST which is something completely new to me that I am not necessarily comfortable with. Not fighting the trend just feel like there is something out there that will tame old and silver for a little while before their next significant moves up.
Nota
That should say GDX needs to take out 32 not 31.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.