Today’s Chart of the Day was shared in a note by John Roque of 22V Research. It’s a monthly chart of Gold over the past two decades. Gold struggled in 2021 while just about every other Commodity rallied. However, it’s off to a great start so far this year, settling at a 2-month high today. John’s view is […]
Chart of the Day – Monday, November 15th, 2021
Today’s Chart of the Day was shared by Aaron Jackson (@ATMcharts). It’s a ratio chart of Gold Mining Stocks vs. the S&P 500 over the past decade ($GDX/$SPY). As a reminder, when the ratio is rising, Gold Mining Stocks are outperforming the S&P 500 and vice versa. Aaron points out that $GDX looks poised to outperform […]
Chart of the Day – Friday, May 14th, 2021
Today’s Chart of the Day was shared by Doug Busch (@chartsmarter). It’s a weekly candlestick chart of Newmont Corporation, $NEM, over the past two years. Newmont is the largest stock in the popular Gold Mining ETF, $GDX, which has continued to push higher and outperform in recent weeks. $NEM just notched its highest daily close since 2011, […]
Chart of the Day – Friday, April 16th, 2021
$GDX Gold Miners Index 30 week EMA > 40 week EMA pic.twitter.com/zoMBBb1OwS — Shane C. Murphy (@murphycharts) April 16, 2021 Today’s Chart of the Day was shared by Shane Murphy (@MurphyCharts). It’s a weekly candlestick chart of the Gold Mining ETF, $GDX. About a month ago, Shane pointed out that Gold Miners were testing a […]
Chart of the Day – Thursday, April 8th, 2021
Gold. • Second largest ETF capitulation in history – priors led to some massive rallies• Weekly Hammers in Gold/Silver last week – moving higher this week• Key Gold Miners leading higher A potential significant contrarian Buy opportunity setting up for Q2 – watch closely. pic.twitter.com/Xb3BYZ3JgK — Macro Charts (@MacroCharts) April 8, 2021 Today’s Chart of […]
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