Although gold had a nice run there is still a concern that that monthly chart put in another lower high. What is even more concerning is the silver and GDX charts that are still in downtrends ever since the bounce in 2016. Jordan Roy-Byrne, Founder of The Daily Gold shares his thoughts on what the longer term charts are showing us.
Chris Vermeulen, Founder of The Technical Traders outlines how he is trading the moves up in gold and gold stocks. While still medium term bullish Chris is seeing an opportunity to hedge some gains with a play on the short side. Overall Chris thinks that we are still in a hot sector type of play.
David Erfle, Founder of The Junior Miner Junky joins me to share his thoughts on the move higher in gold. Still within a backdrop of low sentiment gold is continuing the trend higher. There are many encouraging signs for the metal as it seems slowly money mangers are allocating a little money to the PMs. Also GDX put in a gap today and back on January 25th. We weigh in on which of these gaps might be filled.
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Doc joins me to discuss some of the moves he is expecting for the gold stocks and actual gold price. This time of the year the PMs tend to selloff but Doc still thinks the downside is limited.
Jordan Roy-Byrne, Founder of The Daily Gold shares some bullish developments for GDXJ and GDX. There are key background indicators such as breadth and the advance/decline line that not everyone follows. Jordan breaks down the recent turn to bullish for these indicators that can enable the gold stocks to run higher.
David Erfle, Founder of The Junior Miner Junky joins me for a focus on the rally in gold and the US markets. Both rallies are being considered long in the tooth but which one rolls over first. With how slow the move up has been in gold it could limit the downside. David shares some of the levels he things gold and GDX pullback to then rally from.
Raghee Horner, Options and Currency Expert at Simpler Trading joined me today for an in depth look at the current earnings season. More importantly a look head to what will slow down earnings as we progress through the year. Importantly for the the gold bulls she outlines why she likes gold for a longer term trade however is taking a more buy the dip mentality.
Doc is with us today to outline why he things this year is the year to be buying metals stocks. There is no rush right now but the value of building a number of select stocks and buying on dips will set you up for what could be a good couple years.
David Erfle, Founder of The junior Miner Junky joins me today to recap the recent Vancouver Resource Investment Conference (VRIC) that was held last Sunday and Monday. We both provide some thoughts on what this conference is telling us about the overall sector. We also look at the gold and GDX charts to project where they are going in the next couple months.
Jordan Roy-Byrne, Founder of The Daily Gold breaks down the gold and GDX charts. Although this recent bounce is dissipating it has taken the metal up to the higher part of is trend. Unfortunately this trend is still a downtrend but the downside is limited. Jordan shares some key levels to watch.