Investing
Haven
No Result
View All Result
Forecasting Global Markets
  • Login
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
  • Top AI Stocks →
  • Top Silver Stocks →
  • TOP ENERGY STOCKS →
  • Top Lithium Stocks →
  • CRYPTO SELECTION →
Investing
Haven
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
No Result
View All Result
InvestingHaven
No Result
View All Result

This Is Not A Bullish Signal In The Gold Mining Space

by Taki Tsaklanos
April 20, 2017
in Trendwatching
0
Tags: GDXGDXJ
[:en]gold mining space bullish signal[:nl]goudmijn aandelen bullish[:]
Share on FacebookShare on Twitter

Gold lost some value yesterday, as it fell from $1290 to $1270, but it recovered and stabilized at $1283 today.

Gold is getting quite some attention lately. With political instability picking up again, investors and media favor the safe haven appeal of gold. But is gold really bullish or bearish right now? Moreover, what to think of gold mining stocks: buy or not?

First of all, InvestingHaven repeatedly said that April would be very important for gold and silver prices. Both gold and the dollar are close to new bullish or bearish trends.

That is primarily because of their individual chart setup, but, more so, their intermarket dynamics which is the effect that one market has on other markets. In that context, the primary trend we identified was Yields, which we considered a leading indicator for gold as well as stock markets.

Right now, we spot a concerning trend in the gold space, in particular the gold mining space. The GDXJ is underperforming against GDX (GDX). What that means, in simple terms, is that risk is fading away. GDXJ, the junior gold mining index, outperforms the larger gold miners if the precious metals complex is bullish. Right now, we see the opposite.

That trend started in March, and continued in April.

If our observation is correct that April 2017 will be a decisive month for precious metals, then the indicator on the chart (GDXJ to GDX) suggests precious metals have peaked for the year. That would confirm our forecats, see gold price 2017 forecast, silver price 2017 forecast and gold mining 2017 forecast.

gold mining space bullish signal

Receive our weekly newsletter.

*We hate spam as you do.

premium service trade alerts   premium service trade alerts   premium service crypto teaser  
WARNING: InvestingHaven.com, our site, is not affiliated and has no connection whatsoever with Invest Haven Group on Invest-Haven.com or Investing-Haven.com. InvestingHaven.com did not have and will never have sales reps. Do not accept financial offers, certainly not by telephone, this is why >>
Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

Latest

stocks forecast

How To Know When The S&P 500 Confirms A Bullish Turning Point?

September 28, 2023
cryptocurrency forecast prediction

The Most Bullish Cryptocurrency Chart Setup Of October 2023

September 28, 2023
leading indicators

Will The S&P 500 Find Support At Its 200 Day Moving Average?

September 24, 2023
uranium stocks

Is The Breakout In The Uranium Market Confirmed?

September 24, 2023

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto

Site Navigation

  • RSS Feed
  • About us
  • Mission 2026
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • InvestingHaven vs. Invest-Haven
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2023 InvestingHaven

No Result
View All Result
  • 2023 Forecasts
  • Stock market
  • AI Stocks
  • Alternative Energy
  • Lithium Articles
  • Lithium Stocks
  • Silver Articles
  • Silver Stocks
  • Crypto Articles
  • Premium Crypto Research
  • Premium Services & MyAccount

Copyright © 2023 InvestingHaven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

    InvestingHaven.com honours your privacy. Read our Privacy Policy