Blog Archives

Mining Stock Boom Coming Soon

There has been a lot of ‘chatter’ lately about how the gold price may be at a major top.  I keep looking at the GLD price chart since October of 2010 and have been trying to come to a bearish conclusion but am having a hard time doing so. It

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Posted in Commodities, Gold Mining Stocks
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SPDR Gold Trust GLD ETF Close to a MACD Histogram Confirmed Buy Signal

The SPDR Gold Trust (ETF) appears to be close to a weekly confirmed MACD histogram buy signal.  The GLD ETF needs to get a weekly close tomorrow above 118.42.  Currently it is trading at 118.56. A confirmed weekly buy signal on the MACD histogram tomorrow would in our view be

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Posted in Commodities, Commodity ETF, Gold Market, Gold Mining Stocks
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Market Vectors Gold Miners ETF Long Term Chart Looks Very Bullish

The Market Vectors Gold Miners ETF monthly long term candlestick chart looks very constructive right now.  The GDX has pretty much been left for dead for almost a year now.  The argument has been that because the mining stock index has not broken out to new all time highs, that

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Posted in Commodity ETF, Gold Mining Stocks, Long Term Charts, Long Term Trading
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This may be the most amazing gold chart I have ever seen

You really need to study this long term gold mining stock index chart.  It was sent to me by a buddy of mine and the chart was made by one of the regular blog posters over at www.jsmineset.com .  It is a super long term gold mining stock index chart

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Posted in Gold Market, Gold Mining Stocks, Long Term Charts, Long Term Trading
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Timberline Resources Corp TLR starting to look bullish again as a trend trade

Timberline Resources Corp TLR chart is starting to look quite bullish to me again on both the daily and the weekly price chart.  I had talked about Timberline Resources Corp several other times in the past but it never really seemed to get anything done. But now it has corrected

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Posted in Gold Mining Stocks
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A few Observations on the XAU Mining Stock Index

The XAU Gold and Silver Mining stock index has a reputation for being extremely volatile and choppy.  It is a slow moving beast and is also represented by the GDX Market Vectors Gold Miners ETF. Mining stocks and mining stock indices remind me of biotech stocks because they both seem

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Posted in Commodity ETF, ETFS, Gold Mining Stocks, Long Term Charts, Long Term Trading
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TLR Holding Up Quite Well in Face of Recent Gold Price Decline

Timberline Resources is holding up quite well above its 50 day moving average (red line) and the recent 3 day decline has been on dramatically lighter volume.  The gold price has made a nice upside reversal reaction as well as the GDX mining stock index and I suspect that both

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Posted in Gold Mining Stocks
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The Gold Price and GLD ETF Takes a Big Body Blow Today

Gold is getting hit bad today and if you look at the dollar amount on kitco.com it looks a lot worse than if you just focus on the price chart.  The GLD ETF was overdue for some type of consolidation and using the employment report news today seemed like a

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Posted in Commodity ETF, Gold Market, Gold Mining Stocks
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Gold Mining Penny Stock CVRG Converge Global Setting up for a MoonShot

Before I even begin to talk about CVRG let me say this.  CVRG is a PINKSHEET penny stock that is extremely speculative and has all the normal disadvantages that normally come with pink sheet stocks.  I consider penny stocks in some ways less risky than options because they do not

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Posted in Commodity Stocks, Gold Mining Stocks, Penny Stocks, PinkSheet Stocks
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TLR Timberline Resources About to Bust Loose and other Market Ramblings

The gold price move seems to be well underway now and today we saw the US Dollar Index have its worst one day drop since July 31st.  The dollar could be entering free fall mode for a week or two that forms some type of capitulation low.  Gold is overbought

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Posted in Commodity Stocks, Gold Market, Gold Mining Stocks
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