Gold miners (ie) GDX, NUGT have bounced Up from long term
support levels but are still under attack, perhaps due to
strength in the
U. S. Dollar.
ETF GDX is being tested one again, but with the U. S. Dollar
weakening, Precious Metals are expected to continue Up.
( 02/06/15) Gold Miner ( GDX) declined sharply
to it's Lower Bollinger Band. However, Gold has usually
bounced Up from this level. The below GDX Ribbon chart
displays a sharp short term move Down, but the longer term
components remain Up. The below U. S. Dollar Index chart
displays weakness, this may also drive Gold Up, if it
( 01/30/15) Oil(USO),
XGA( Gasoline), UNH( Heating Oil ) all moved Up Friday, from
oversold positions. Gold an Silver remain in a slight
( 01/23/15) Gold has
posted a sharp move Up, but is now displaying weakness. The
below GDX Ribbon chart shows the longer term trends remain
Up, but the short term trends are displaying weakness. With
the World Central Banks just printing worthless paper, it is
expected that precious metals and other hard assets will
The Gold chart is worth watching as as a
Big move Up is expected when it finally turns up. On a move
up GDX, GDXJ, NUGT and JNUG would be the Big gainers.
favorites in this space are RGLD and SLW which are royalty
River Boat gamblers might enjoy the 3x long and short Gold
Miners NUGT and DUST. ( These are not recommendations
of Gold bullion to U.S. Dollar
government has special taxes on Gold. (" It is considered a
collectable ") .
For this reason mining stocks (eg)
GDX, GDXJ may be preferable.
Check out "Tax
Implications Of Owning Gold"
Gold Index( $HUI) compared to the S&P500
Gold stocks have vastly outperformed all major market indices over
the past 10 years. But because Gold and Gold stocks exhibit strong
local declines, it is difficult to hold. Perhaps, market guru
Richard Russell is right when he says " Buy some Gold and forget
about it. "
( GDX) Ribbon Chart