by Chris Kimble | Nov 14, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Gold miners have had little to smile about for the past few YEARS! Gold Miners ETF (GDX) last week hit its Fibonacci 161% extension level and in doing so, looks to have created a bullish wick at this potential support level. Are...
by Chris Kimble | Nov 11, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Gold Miners ETF GDX broke below the lows of almost a year ago (Dec 2013) and promptly lost nearly 20% of its value in less than two weeks. This decline took it down to its Fibonacci 161% extension level (based upon the lows of a year...
by Chris Kimble | Nov 7, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE The U.S. Dollar is now facing resistance that has held three times over the last 5-years. At the same time it is facing channel resistance, with momentum overbought and it is easy to find Dollar bulls (lower left chart 85%). It is...
by Chris Kimble | Nov 1, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Three years ago the Power of the Pattern shared that each time the Swiss Franc hit resistance line (1), Gold was flat to down for years to come. (see post here) At the time of the post, Gold was trading near $1,900 per ounce...
by Chris Kimble | Oct 15, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Another “Fish Mouth” pattern looks to be at hand above at (1) and (2)! Back in 2000 this pattern took place as the S&P 500 was pushing higher in the late 1990’s and the Gold Bugs Index (HUI) was stinking it...
by Chris Kimble | Oct 9, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Do you believe in the idea of buying low and selling higher? If so you might want to keep reading this post and take a peak at this hard hit sector. Few sectors have struggled more in the last two years than the Gold Miners....
by Chris Kimble | Sep 22, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE The above chart was created when Silver was trading at $28 per ounce. I shared with Premium Members in June of 2012, that Silver looked to be creating a bearish descending triangle and the measured move was calling for Silver to...
by Chris Kimble | Sep 17, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE The Gold Bugs index remains above support that dates back 10-years. Over the past year and a half, the index has created a pennant pattern, a series of lower highs and high lows, teasing both the bulls and bears. As you can see,...