GDX Under-Performing Gold & HUI = Miners Anticipating Lower Gold
GDX is still 12% below its 2016 highs, despite Gold having already surpassed its 2016 peak of 1375 by roughly 5%.
On top of this, the GDX having more exposure to unhedged miners should result in GDX out-performing the HUI hedged senior miners in a bull market. This is not the case, as the GDX is actually under-performing the HUI. Highest probability assessment is a retest $25 GDX.
Don't be like the many people who bought the "gold to the moon" hype in summer of 2016 and bought in at the highs and then subsequently got their a$
ES handed to them.
On top of this, the GDX having more exposure to unhedged miners should result in GDX out-performing the HUI hedged senior miners in a bull market. This is not the case, as the GDX is actually under-performing the HUI. Highest probability assessment is a retest $25 GDX.
Don't be like the many people who bought the "gold to the moon" hype in summer of 2016 and bought in at the highs and then subsequently got their a$
ES handed to them.Not
A weekly close above 1434 and strong volume pushing through 1450 would turn me bull towards $1500-$1525. Currently gold remains very volatile. Trump’s tradewar is what continues to keep gold’s demand up
Not
I’m placing this outlook on hold and I will be placing long positions on SIL & SILJ over the short run (1-3 months)Not
Beginning today^Emir iptal
The weekly close above $1434 has turned me bullish for the short-run. I think this breakout might continue and we might see a silver & gold spike.I longed SIL, SILJ, and USLV because I believe silver will out perform on this next leg up
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.