Now I Ain’t Saying to be a Gold Digger, But…

595 views

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The miners might be trying to carve out a major bottom here. For months, I had profiled the bearish price action, despite steadfast gold bugs hoping to bottom-fish with success. Recently, the GDXJ, ETF for the junior gold miners, printed a weekly hammer candle with upside confirmation. The overall trend is still lower, so there is much work to be done in order for the group as a whole to reverse course. Nonetheless, I suggest watching the likes of AUY and BAA closely as they have been improving and are now viable setups.

Members of The PPT and 12631 can click here for my “12631 MARK TWAIN’S LIARS” screen, showing which miners have the highest score according to The PPT proprietary algorithm for Relative Strength.

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2 Responses to “Now I Ain’t Saying to be a Gold Digger, But…”

  1. We’re on day 9 of the 18 to 28 day cycle. It should start heading for the bottom soon.

  2. Ducreux knows what’s up

Comments are closed.
Previous Posts by chessNwine

Now I Ain’t Saying to be a Gold Digger, But…

595 views

___________________________

The miners might be trying to carve out a major bottom here. For months, I had profiled the bearish price action, despite steadfast gold bugs hoping to bottom-fish with success. Recently, the GDXJ, ETF for the junior gold miners, printed a weekly hammer candle with upside confirmation. The overall trend is still lower, so there is much work to be done in order for the group as a whole to reverse course. Nonetheless, I suggest watching the likes of AUY and BAA closely as they have been improving and are now viable setups.

Members of The PPT and 12631 can click here for my “12631 MARK TWAIN’S LIARS” screen, showing which miners have the highest score according to The PPT proprietary algorithm for Relative Strength.

___________________________

___________________________

___________________________

2 Responses to “Now I Ain’t Saying to be a Gold Digger, But…”

  1. We’re on day 9 of the 18 to 28 day cycle. It should start heading for the bottom soon.

  2. Ducreux knows what’s up

Comments are closed.