GDX, Miners

4 Jan 2017

I've been long for a while now and things are working out fine. Looks like we are 8 days into the cycle. The cycles appear to last around 18-27 days. If this is right translated we can expect at least another week of gains. We should get a 1/2 cycle pullback next week and a continued move higher after that if this is an ICL. A word of caution, the last two times GDX hit against the 50sma it reversed. We are slightly above it right now, so it looks good to continue higher. We should know this week. Once/if we clear the 50 prices should move steadily higher for a while.

6 Jan 2017

Catatan

Gold is consolidating into a bull flag, once complete the trend should continue higher. Look for the selling to stop around 1165 and a future top at 1204

9 Jan 2017

Catatan

Gold driving higher looks good for miners this week.

10 Jan 2017

Catatan

Following GOLD for a clue on the miners. Looks like $1204 is the target. Almost perfect symmetry in the 3 drive to a top pattern.

10 Jan 2017

Catatan

Penant forming on GDX hourly. If it breaks to the downside, I'll sell everything. If it breaks to the upside I see somewhere in the box. $24.43

17 Jan 2017

Catatan

The plan is going smoothly. Should be a move higher up to the box

18 Jan 2017

Catatan

I suspect that with US Dollar hitting a support zone (purple arrows) we will get a bounce. I expect a reverse in the USD to the 38.2% fibo or 101.63. That will be another buying opportunity. I can see a H&S pattern forming in the USD which will benefit GOLD and MINERS.

19 Jan 2017

Catatan

I suspect we get another push down in Gold, perhaps to the 1180 area, Bear Flag forming on the 2 hr chart.

24 Jan 2017

Catatan

Double top in GOLD? Hopefully not, but be aware.

25 Jan 2017

Trading ditutup: target tercapai

Closed all my miners Yesterday. mostly cash now. Working out great.