Gold has so far outperformed GDX. I still see no professional
activity on covering gold shorts. A positive candle today will
prompt a bounce, while a negative close will drop towards 2528 on
the futures and 230 on GLD (goold support). I see one more leg down
on 15-min charts of gold futures, which could be a higher low.
depends on time frame: Long term gold out performs - short term,
the stocks lead - that's why the GDX/GLD ratio is useful on 60 min,
2hr, and daily charts.
now if one holds for years at a time, gold stocks underperform
the metal - these are not stocks one should hold for years at a
time like the big cap tech stocks. I'm taking 10 and 15 years
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Gold has so far outperformed
Sure feels like GDX going to break 200 support and ...
Posted by junkie on 15th of Nov 2024 at 12:00 pm
Gold has so far outperformed GDX. I still see no professional activity on covering gold shorts. A positive candle today will prompt a bounce, while a negative close will drop towards 2528 on the futures and 230 on GLD (goold support). I see one more leg down on 15-min charts of gold futures, which could be a higher low.
depends on time frame: Long
Posted by matt on 15th of Nov 2024 at 12:09 pm
depends on time frame: Long term gold out performs - short term, the stocks lead - that's why the GDX/GLD ratio is useful on 60 min, 2hr, and daily charts.
now if one holds for years at a time, gold stocks underperform the metal - these are not stocks one should hold for years at a time like the big cap tech stocks. I'm taking 10 and 15 years