by Chris Kimble | Jun 5, 2019 | Kimble Charting
Is Gold finally about to break out from a 5-year bullish ascending triangle pattern? We will find out very soon! The price action of Gold since 2014 looks to be a series of flat tops and rising bottoms. It could be forming what is called a “Bullish Ascending...
by Chris Kimble | Jun 4, 2019 | Kimble Charting
The Precious metals industry hasn’t had much to get excited about over the past 5 to 7 years. After peaking in 2011/2012, Gold and Silver prices fell sharply before trading sideways for several years. So it’s been a traders market, with opportunities on both the long...
by Chris Kimble | May 31, 2019 | Kimble Charting
Gold Miners ETF (GDXJ) has declined nearly over 60% in the past 8-years. Is the bear market in GDX about to end? Let’s investigate why GDXJ is testing one of the most important price zones in years! GDX has created a series of higher lows along line (1) over the...
by Chris Kimble | May 16, 2019 | Kimble Charting
Silver Miners (SIL) have lost over 50% since the highs back in 2016. Is this large of a decline enough to present a buying opportunity? No doubt the multi-year trend for SIL remains down at this time. The long-term decline and the decline over the past few months has...
by Chris Kimble | Apr 28, 2019 | Kimble Charting
Two months ago Gold Miners ETF GDX created its first bearish reversal pattern (bearish wick) while testing falling resistance. A couple of weeks later it created another bearish reversal pattern (Bearish wick) and then selling pressure took over and GDX fell 10%...
by Chris Kimble | Apr 15, 2019 | Kimble Charting
When silver, gold, and the precious metals industry were red-hot bullish in the 2000’s, investors could do no wrong. You could buy SILVER at just about any price and it would go higher. In today’s chart, you can see three large green bullish ascending triangles from...
by Chris Kimble | Apr 8, 2019 | Kimble Charting
The GDXJ/GDX (Junior/Senior Miners) Ratio can create meaningful reversal patterns and send important signals to the mining sector, at key inflection points. Did the ratio send an important signal to miners last week? Possible! The GDXJ/GDX ratio has traded sideways...
by Chris Kimble | Mar 28, 2019 | Kimble Charting
The Euro has been on a roller coaster ride over the past several years. The direction has been mostly lower but the Euro is trying to firm up here. And the bulls desperately need to see some upside traction! In today’s chart, we highlight two look alike patterns: the...