by Chris Kimble | Mar 13, 2023 | Kimble Charting
Nearly 12 years ago on 9/1/2011, I pointed to “the power of the pattern” and suggested that Gold should be flat to down for years to come. And, if you look at the chart below, you can see that this unfolded as expected. Fast forward to today (12-years later), and...
by Chris Kimble | May 20, 2022 | Kimble Charting
It’s been a rough past few weeks for the Gold Miners ETF (GDX). A bearish reversal in April has sent shares spiraling into May, down nearly 25%. Today’s “weekly” chart of the Gold Miners (GDX) from Marketsmith.com highlights this reversal, as well as important...
by Chris Kimble | Aug 6, 2021 | Kimble Charting
This chart comes from Marketsmith.com, which looks at Junior Gold Miners ETF (GDXJ). This chart highlights that GDXJ could be creating a bearish descending triangle over the past 10-months at (1). Currently, GDXJ is testing an important support line at (2). Joe Friday...
by Chris Kimble | May 18, 2021 | Kimble Charting
Gold has been working its way higher over the past 5 weeks and the gold mining stocks are reaping the benefits. Today’s chart from Marketsmith.com offers an intermediate-term look at the Gold Miners ETF (GDX) and its recent bull flag chart pattern and buy signal. As...
by Chris Kimble | Mar 1, 2021 | Kimble Charting
The past 8-months have been great for the broad markets, the same cannot be said for Gold Miners. Gold Miners ETF (GDX) has lost nearly a third of its value since peaking last August. This decline has taken place inside a bullish rising channel, that started at the...
by Chris Kimble | Jun 22, 2020 | Kimble Charting
For the first time in years, Gold Miners ETF (GDX) is attempting to use old resistance as a price point to spring higher off of! This chart from Marketsmith.com reflects that GDX has remained inside of trading channel (1) for the past 7-years. Recently it broke above...
by Chris Kimble | May 7, 2020 | Kimble Charting
Are Gold & Silver Miners about to send a bullish message for the first time in 10-Years? We will see soon! The Gold & Silver Miners Index (XAU) has created a series of lower highs and lower lows inside of falling channel (1) over the past decade-plus. The...
by Chris Kimble | May 2, 2020 | Kimble Charting
Is it “Hi-Yo Gold” time? At least in the short-term, it is! This chart looks at Barrick Gold Corp (GOLD) on a weekly basis. Gold has struggled to break above the blue shaded resistance zone for years, which comes into play just below the $23 level. This...
