Get started

GDXJ

Gold Sets Fourth Highest Weekly CloseGold closed at $1,780.3/oz this week which is the fourth highest weekly closing price in history. The highest weekly closing price was $1,876/oz set in August 2011 and the second highest weekly close was $1,788/oz set in November of 2011. The third highest weekly close was $1,780.8/oz in October 2012 which is jut .50c above where gold closed this week. If gold holds above $1,773/oz through the end of this month then June 2020 will mark the second highest monthly closing price in history, with the all-time monthly high being set back in August 2011 at $1,831/oz. Outlook on gold remains bullish with the expectation that price makes a new all-time high this year above $1,923/oz which was set in September 2011.
COMEX:GC1!Long
by PrepForProfit
Fosterville South Exploration - A +450% IPO in less than 30 daysWhat an IPO, what a run! The tight share structure of the company (25% of the company is owned by the Management and founders) sent the stock to $4.6 today. After the incredible Kirkland Lake story, the Fosterville region is more than ever keeping its reputation of creating lots of money. What about value? Is this stock interesting from a fundamental standpoint? The answer is "I don't know", the lack of information on the company and especially on its structure does not yet, make it a sure bet for the long term.
F
by Lahbabi
GDXJ Next Move UpSince last Friday, I expect a new leg up in the gold stocks. Minimum target the top channel. If new gold leg up is stronger gold stocks could go higher, surpass the channel and then correct. I expect this leg to last at least three days or so. Then..... Following previews patterns, consolation for a few more weeks, but unless there is very sharp upleg...I don''t expect any strong correction in prices. Just consolidation without crossing the horizontal line in the short future (next two months). That also means that I don´t expect gold to go down from this levels. If there is a sharp leg up, it cant correct again to this level, but not less. This is my scenario in the near future. let see how unfolds. Good luck. Just my opinion. You don´t need my help to loose your money.
AMEX:GDXJ
by JAY_c5velm
The case for GDXJ explosive summer move I will share my thoughts. I´m fully invested in gold stocks. My chart indicators "tell" me. - Daily charts have corrected and also is expected a rising in stocks next weeks. I expect that we finally reach and surpass the 48-50 level. About a 10% rise from today levels. - A daily full stochastic is "telling me" that we are in course of a correction (that´s true, specially for the HUI index, which has been more dynamic than GDXJ so far.) But there is always a rebound which is beginning and will resume next week. - Previous legs like that reached at least the previous top of even a 8% higher. Then the correction resumed some more time. - If the trend is strong, this correction could not happen so soon. So considering all this i would expect a one week two weeks uptrend following by a correction, but without going through current levels of prices. In a more bullish case - Weekly gold stocks relative to bullion are oversold as they where in previous bottoms. So it could be expected several weeks of rising. That is also true for HUI, XAU, GDX. - Gold stocks are surging from a multiyear bottom, so they are eventually gaining strength. - Many times before gold and gold stock made and extreme move just to get momentum to do the opposite. The rised fast before a sharp drop or viceversa. My believe is that´s the case right now, with March drop. So, in all this "is true",and comparing last year with today, and if gold rises...rich is happening... then we could reach at the end of July or beginning of August a higher lever for GDXJ (lest say 65...or something). Well, that is a 50% increse from todays levels. Anyway, remember. Nothing drops faster that a gold stock. Nothing. (I think Einstein missed this point in the General Relativity Theory)
AMEX:GDXJLong
by JAY_c5velm
1
BULLISH GOLDEN CROSS ON JUNIOR GOLD MINERS 15MINA BULLISH TECHNICAL DEVELOPMENT ON THE 15M JUNIOR GOLD MINERS GDXJ CHART AMEX:GDXJ AMEX:JNUG BMV:JNUG CURRENCYCOM:JNUG CURRENCYCOM:JDST BVL:JNUG BMV:JDST CURRENCYCOM:JDST OANDA:XAUUSD OANDA:XAUCAD AMEX:GDX AMEX:BTG NYSE:AUY BCBA:AUY AMEX:SILV NASDAQ:PAAS AMEX:SGDJ AMEX:SILJ SWB:G2XJ SOIURCE: www.investopedia.com What is a Golden Cross? The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes. www.investopedia.com():max_bytes(150000):strip_icc():format(webp)/GoldenCross-5c6592b646e0fb0001a91e29.png KEY TAKEAWAYS The golden cross is a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average. The golden cross can be contrasted with a death cross indicating a bearish price movement.
AMEX:GDXJLong
by HandofGold
2