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...
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...
