Member
Posted 11 January 2018 - 12:17 PM
yesterday it was gundlach today it is china http://www.miningwee...tion-2018-01-11
it is rumored that china has not showed up for bond purchases. thus the spike yesterday., gold went to new highs for the move. gold seems well bid here.
just watching sitting
dharma
Member
Posted 11 January 2018 - 03:12 PM
Member
Posted 11 January 2018 - 03:31 PM
Member
Posted 12 January 2018 - 11:27 AM
i believe that we have just seen generational lows in the miners. the blood was running in the miners streets. the money velocity has been in a 20+year downtrend which may be starting to turn , which is bullish for miners. the spin today is rising rates are a result of a strong economy. we are at the tail end of the biz cycle here. , this cycle is quite long in the tooth. i think rates are rising as a result of rising inflation. which is a whole other story than the spin.
we will see how this plays out . gold is +almost 100 from the december lows, and miners are inexpensive to the price of gold . something has to give here. investors are always looking for what is undervalued, they will be heading this way
https://www.bloomber...with-xi-at-helm
dharma
Member
Posted 12 January 2018 - 02:32 PM
if you take a weekly or monthly gold /gld chart and draw a tl from the highs of 13 and 16 we are approaching that tl now. above there would be another breakout from the downtrend
dharma
Member
Posted 12 January 2018 - 03:15 PM
gotta like the way this week is ending, HUI to new rally highs and highest levels since October, and da beat goes on....
Senor
Member
Posted 12 January 2018 - 03:31 PM
Why are the gold stocks lagging the price of gold now? Nugt is 34, it should be up around 40 based on last September's gold price.
Member
Posted 12 January 2018 - 04:07 PM
gdx got to 24 today . according to the ewave i am seeing the minimum upside for gdx is 40 more likely
closer to 45 . just putting out some very reasonable targets
Member
Posted 12 January 2018 - 06:00 PM
Why are the gold stocks lagging the price of gold now? Nugt is 34, it should be up around 40 based on last September's gold price.
In Fast Moving Markets NUGT actually moves MORE that 3X the underlying asset
In range-bound or choppy markets NUGT will decay and lose value even as the underlying asset remains unchanged
This is Called Slippage
Russ - so there is NO HISTORICAL relationship between this type of trading instrument and the underlying asset
In trending markets you will be able to look at 'short-term' correlations only-in choppy or range-bound markets FORGET ABOUT IT!
To properly answer your question there is the HUI/GOLD ratio chart - miners have dropped slightly in their ratio to gold since September:
http://stockcharts.c...221&a=311041004
Edited by stubaby, 12 January 2018 - 06:01 PM.
