by Chris Kimble | Mar 19, 2020 | Kimble Charting
Gold miners ETF (GDX) failed to break above resistance on its 4th try a few weeks ago at (1), and then it was met by a large degree of selling pressure. After hitting this resistance, sellers stepped in and drove it down nearly 50% in just a few weeks. The decline...
by Chris Kimble | Mar 4, 2020 | Kimble Charting
I like to look at price spreads, particularly spreads between related assets. When they become too wide, they point to a strong potential for mean reversion (and an opportunity for investors). Today, we look at the spread between the Gold/Silver Miners Index (XAU) and...
by Chris Kimble | Feb 24, 2020 | Kimble Charting
Gold / Silver Miners Index (XAU) Chart (Oldest Mining Index, which combines Gold & Silver Mining Stocks) The rally in precious metals has been impressive. Gold is up over 9 percent in 2020 and over 35 percent in the past 18 months. Silver is up nearly 4 percent in...
by Chris Kimble | Jan 13, 2020 | Kimble Charting
In September of 2019, Gold Miners ETF (GDX) testing long-term resistance at (1), and then it quickly declined 15%. This resistance level has been heavy for GDX has it failed to break above this level twice in 2013 and once in 2016. Each time GDX peaked in those years,...
by Chris Kimble | Dec 6, 2019 | Kimble Charting
Are Gold Mining stocks about to be sent a bullish signal they haven’t received in years? Possible says Joe Friday. This chart looks at the Senior Miner/Junior miner (GDXJ/GDX) ratio over the past few years. Historically when the ratio is heading up, miners tend...
by Chris Kimble | Sep 30, 2019 | Kimble Charting
This chart of Senior Gold Miners (GDX) from Marketsmith.com reflects it could be forming a “Head & Shoulders” topping pattern over the past couple of months. This pattern could be about to send Gold Miners a rather bearish message. What would it take...
by Chris Kimble | Sep 23, 2019 | Kimble Charting
Gold Miner’s bulls have been wishing for the past couple of years, that the Junior Miners/Senior miners ratio (GDXJ/GDX) would rally. Did the ratio create an important low last week while testings its 2019 lows? Possible. The GDXJ/GDX ratio hit lows for the...
by Chris Kimble | Aug 21, 2019 | Kimble Charting
In 2013, Gold broke below its 23 percent Fibonacci retracement level and a bearish trend change took place at (1). This was the beginning of a bigger decline that saw gold fall another 450 dollars. Nearly six years later, Gold returns to this “breakdown” level in...
