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Post by huh on Apr 7, 2015 10:16:07 GMT -5
Gold miner supports...GDX needs to hold 19.48, and GDXJ 24.50. Both are currently playing out head tests of H&S patterns, so those supports MUST hold here. Those are the stops to use if long IMO. Hopefully they keep squeezing though (dollar's downside target suggest they will) GDX looks to be losing support.
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Post by novie08 on Apr 8, 2015 8:14:36 GMT -5
FOMC minutes released at 2 PM...always a reason for the PMs to be down.
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Post by huh on Apr 14, 2015 7:15:57 GMT -5
...If gold loses 1188, next downside target is 1140's. Major upside resistance ~1217.50... Gold losing that 1188 support. Next support sits ~1178. Should get some bounce from around there, but then lose it for a downside target ~1134-1135. (see my post on the dollar futures though - could give it some support here) 1192.50 is the next resistance.
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Post by huh on Apr 14, 2015 8:04:39 GMT -5
Next gold resistance ~1197.15. That's a major resistance. Hold over that and could get a recent trend change.
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Post by huh on Apr 14, 2015 8:51:08 GMT -5
Gold failed to hold that up move
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Post by novie08 on Apr 14, 2015 8:53:30 GMT -5
Nevertheless, GDX and GDXJ so far green.
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Post by huh on Apr 14, 2015 8:54:04 GMT -5
Gold failed to hold that up move Sorry, if it loses 1192.20 now it fails
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Post by huh on Apr 14, 2015 9:41:03 GMT -5
Gold at its major resistance for the 2nd time today. Dollar still falling.
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Post by huh on Apr 14, 2015 14:04:27 GMT -5
Looks to me like gold will fail the break out. If not today, then soon.
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Post by novie08 on Apr 14, 2015 18:33:05 GMT -5
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Post by huh on Apr 15, 2015 10:54:57 GMT -5
Gold support now 1194.75
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Post by huh on Apr 15, 2015 11:26:03 GMT -5
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Post by huh on Apr 15, 2015 12:07:13 GMT -5
Dollar breaking down again. Gold support now 1196, next upside target 1206.
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Post by novie08 on May 12, 2015 16:43:25 GMT -5
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Post by novie08 on May 13, 2015 12:35:04 GMT -5
And SSRI (silver miner) +15%...have held this one for a long, long time.
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Post by novie08 on May 14, 2015 9:04:34 GMT -5
There must be some huge bond issues that we don't know about...I don't remember gold/silver making these kinds of moves since 2011. BTW, in other currencies they are up over 20% this year so with the dollar weakness, we are catching up. Birth, I sincerely hope you got out of JDST.
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Post by huh on May 14, 2015 9:14:38 GMT -5
When gold broke >1205 yesterday, I knew something must be up. All of the recent action in GDX looks like a large H&S, but it could see as high as 22.60+ to complete a head test and gap fill (in fact it's yet another of those H&S-RS-squeezes as of this morning's gap up). Support in GDX sits at 20.95 and have to wait for support to be broken in order to short it now. Another H&S-RS-squeeze:
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Post by huh on May 14, 2015 9:22:23 GMT -5
Just remember that gold can go as high as ~1320 from here and STILL be within the long term downtrend (downside target ~940)
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Post by birthmark on May 14, 2015 13:07:38 GMT -5
Still in Novie. Added more at 11.25 (1500 shares at 11.97 avg) Fingers crossed. Wish me luck!! May dump at EOD.
GL
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Post by birthmark on May 14, 2015 13:35:31 GMT -5
DUST is one crazy pony!!! Still holding.
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