Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold Edges Lower While Silver Bonces Back
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 8 16 2018
By: Ira Epstein

For Sterling (Silver) Results, Repetition of the Basics Is Worth Its Weight in Gold
By: David Smith

Why Gold Should Be Accumulated At These Levels
By: Hubert Moolman

Who Would Invest in a Gold Bond?
By: Keith Weiner

Gold to Soar Above $6,000
By: Przemyslaw Radomski, CFA

The Big Grab
By: Andy Sutton and Graham Mehl

Serendipity in Life and in Markets
By: Michael Ballanger

Gold And Silver Prices Fall Sharply To Near 2 Year Lows Despite Strong Demand In Turkey
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Fall Roughly 2% and 4%
By: Chris Mullen, Gold Seeker Report

 
Search

GoldSeek Web

 
A Yellow Flag for Gold Miners

By: Rick Ackerman, Rick's Picks

 -- Published: Tuesday, 25 October 2016 | Print  | Disqus 

http://www.rickackerman.com/wp-content/uploads/2016/10/Despite-GDX-buy-sginal.jpg

A bull-trap reversal hit the green line, putting a 20.24 downside target theoretically in play.  Accordingly, we should look to trade the ETF with a bearish bias. That implies you could either look to get short now via camouflage, or wait until GDX trips a ‘mechanical’ short after the green line has been breached decisively for several bars. Thereafter, it is the rally back up to the green line that would get us short 'mechanically.' Alternatively, it would take a rally a to at least 27.26 to turn the daily chart back to bullishly impulsive.  Some of you may have noticed that GDX is also on a ‘counterintuitive’ buy signal triggered at 24.92 last week. We can use it later if there’s a strong pop above it today or tomorrow, since that would improve the odds of a rally to as high as 32.16. Otherwise, today’s bearish price action demands caution. Click here for a no-risk trial subscription that will give you instant access to a 24/7 chat room that draws seasoned traders from around the world.


| Digg This Article
 -- Published: Tuesday, 25 October 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.