My 2 Cents » GDX http://www.tradingmetro.com/inthemoneystocks A Trading Metro Member Blog Wed, 17 Apr 2013 02:14:04 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Gold Miners Continue To Dig A Hole Lower http://www.tradingmetro.com/inthemoneystocks/2012/04/gold-miners-continue-to-dig-a-hole-lower/ http://www.tradingmetro.com/inthemoneystocks/2012/04/gold-miners-continue-to-dig-a-hole-lower/#comments Wed, 18 Apr 2012 05:44:44 +0000 inthemoneystocks http://www.tradingmetro.com/inthemoneystocks/?p=2777 This afternoon, all of the leading gold mining stocks are coming under selling pressure. The popular Market Vectors Gold Miners ETF Trust (NYSEARCA:GDX) is trading lower by 0.65 cents to $46.48 a share. The trend on this leading ETF remains down as the GDX price is trading below the daily chart 50, and 200 moving averages. The GDX should have some short term daily chart support around the $45.00 level. Short term traders should watch for intra-day support around the $46.25 area.

Some of the leading gold mining stocks that are falling lower today include Newmont Mining Corp (NYSE:NEM), Goldcorp Inc (NYSE:GG), and Agnico-Eagle Mines Limited (USA) (NYSE:AEM). All of these stocks look very similar to the GDX, therefore, further downside is possible for all of these leading gold mining stocks.

Nicholas Santiago
InTheMoneyStocks.com


Gold Miners Continue To Dig A Hole Lower is a post from the TradingMetro blog, My 2 Cents. Get a blog like this for free by joining our trading community today. TradingMetro is the forex trading system and forex trading software marketplace for self-directed traders.

]]> http://www.tradingmetro.com/inthemoneystocks/2012/04/gold-miners-continue-to-dig-a-hole-lower/feed/ 0 Gold Mining Stocks Continue To Sink http://www.tradingmetro.com/inthemoneystocks/2012/03/gold-mining-stocks-continue-to-sink/ http://www.tradingmetro.com/inthemoneystocks/2012/03/gold-mining-stocks-continue-to-sink/#comments Tue, 27 Mar 2012 05:51:17 +0000 inthemoneystocks http://www.tradingmetro.com/inthemoneystocks/?p=2694 The leading gold mining stocks have been declining lower since February 29, 2011. At that time, the Market Vectors Gold Miners ETF (NYSEARCA:GDX) was trading as high as $57.91 a share. This afternoon, the popular GDX is trading lower by 0.73 cents to $49.90 a share. This leading gold mining ETF is now trading below the important 50, and 200 moving averages. This current chart formation puts the GDX in a weak technical chart position. Short term traders can watch for intra-day support around the $49.70, and $49.40 levels.

Some leading gold mining stocks that are coming under some selling pressure today include Newmont Mining Corp (NYSE:NEM), Yamana Gold Inc (NYSE:AUY), and Goldcorp Inc (NYSE:GG). All of these stocks remain weak on the daily charts at this time and look very similar to the GDX.

Nicholas Santiago
InTheMoneyStocks.com

Gold Mining Stocks Continue To Sink is a post from the TradingMetro blog, My 2 Cents. Get a blog like this for free by joining our trading community today. TradingMetro is the forex trading system and forex trading software marketplace for self-directed traders.

]]> http://www.tradingmetro.com/inthemoneystocks/2012/03/gold-mining-stocks-continue-to-sink/feed/ 0 Gold Miners Try To Claw Out Of A Hole http://www.tradingmetro.com/inthemoneystocks/2012/03/gold-miners-try-to-claw-out-of-a-hole/ http://www.tradingmetro.com/inthemoneystocks/2012/03/gold-miners-try-to-claw-out-of-a-hole/#comments Thu, 15 Mar 2012 00:12:12 +0000 inthemoneystocks http://www.tradingmetro.com/inthemoneystocks/?p=2631 The leading gold mining stocks have plummeted lower since since February 29, 2012. At that time, the highly traded Market Vectors Gold Miners ETF (NYSEARCA:GDX) was trading around the $58.00 level. Yesterday, the GDX traded below the $50.00 area which is a sharp decline in such a short period of time. This morning, the GDX is trading higher by 0.22 cents to $50.34 a share. Short term traders can watch for intra-day resistance around the $50.50, and $51.00 levels. The daily chart is short term oversold, however, it is still in a very weak technical position.

Other leading gold mining stocks that are trading higher include Goldcorp Inc (NYSE:GG), and Yamana Gold Inc (NYSE:AUY). Some leading gold miners that are weak today include Randgold Resources Ltd (NASDAQ:GOLD), and Royal Gold Inc (NYSE:RGLD). All of these leading stocks are very oversold in the near term.

Nicholas Santiago
InTheMoneyStocks.com

Gold Miners Try To Claw Out Of A Hole is a post from the TradingMetro blog, My 2 Cents. Get a blog like this for free by joining our trading community today. TradingMetro is the forex trading system and forex trading software marketplace for self-directed traders.

]]> http://www.tradingmetro.com/inthemoneystocks/2012/03/gold-miners-try-to-claw-out-of-a-hole/feed/ 0 Gold Miners Try To Dig Out Of Yesterday’s Hole http://www.tradingmetro.com/inthemoneystocks/2012/02/gold-miners-try-to-dig-out-of-yesterdays-hole/ http://www.tradingmetro.com/inthemoneystocks/2012/02/gold-miners-try-to-dig-out-of-yesterdays-hole/#comments Thu, 01 Mar 2012 01:19:32 +0000 inthemoneystocks http://www.tradingmetro.com/inthemoneystocks/?p=2547 This morning, all of the leading gold mining stocks are ticking higher. Yesterday, gold, silver, and leading mining stocks were slammed sharply lower as the U.S. Dollar Index rallied. Traders should realize that when markets stage an outside day on heavy volume it is usually an indication of lower prices to come. The popular and highly traded Market Vectors Gold Miners ETF (NYSEARCA:GDX) is trading higher by 0.12 cents to $55.52 a share. The daily chart is signaling that the GDX will sell down to the $52.00 area before reaching some near term support. Short term traders can watch for intra-day support around the $54.67 and $54.00 levels.

Some leading gold mining stocks that will be volatile over the next week will be Randgold Resources Ltd (NASDAQ:GOLD), Royal Gold, Inc (NASDAQ:RGLD), Yamana Gold Inc (NYSE:AUY), and Newmont Mining Corp (NYSE:NEM). All of these stocks could be vulnerable to further declines in the near term. Please understand that gold and most gold mining stocks will trade inverse to the U.S. Dollar index.

Nicholas Santiago
InTheMoneyStocks.com

Gold Miners Try To Dig Out Of Yesterday’s Hole is a post from the TradingMetro blog, My 2 Cents. Get a blog like this for free by joining our trading community today. TradingMetro is the forex trading system and forex trading software marketplace for self-directed traders.

]]> http://www.tradingmetro.com/inthemoneystocks/2012/02/gold-miners-try-to-dig-out-of-yesterdays-hole/feed/ 0 Gold Miners Are Stuck In A Ditch http://www.tradingmetro.com/inthemoneystocks/2012/02/gold-miners-are-stuck-in-a-ditch/ http://www.tradingmetro.com/inthemoneystocks/2012/02/gold-miners-are-stuck-in-a-ditch/#comments Wed, 22 Feb 2012 01:16:03 +0000 inthemoneystocks http://www.tradingmetro.com/inthemoneystocks/?p=2501 This morning, all of the leading gold mining stocks seem to be under some slight selling pressure. The Market Vectors Gold Miners ETF (NYSEARCA:GDX) is trading lower this morning by 0.34 cents to $55.48 a share. The daily chart for the GDX remains very range bound at this time. The GDX has made a series of lower highs since November 2011 and this is a sign of weakness. The high end of the trading range would be around the $58.00 area, the low end of the range is around the $50.00 level. Short term traders should watch for intra-day support around the $55.00, and $54.00 levels.

Some leading gold mining stocks that are declining lower today include Royal Gold Inc (NASDAQ:RGLD), Randgold Resources Ltd (NASDAQ:GOLD), and Newmont Mining Corp (NYSE:NEM). All of these stocks will usually catch a bid when the U.S. Dollar Index pulls back intra-day.

Nicholas Santiago
InTheMoneyStocks.com


Gold Miners Are Stuck In A Ditch is a post from the TradingMetro blog, My 2 Cents. Get a blog like this for free by joining our trading community today. TradingMetro is the forex trading system and forex trading software marketplace for self-directed traders.

]]> http://www.tradingmetro.com/inthemoneystocks/2012/02/gold-miners-are-stuck-in-a-ditch/feed/ 0 Gold Miners Look Tired http://www.tradingmetro.com/inthemoneystocks/2012/01/gold-miners-look-tired/ http://www.tradingmetro.com/inthemoneystocks/2012/01/gold-miners-look-tired/#comments Wed, 01 Feb 2012 02:07:10 +0000 inthemoneystocks http://www.tradingmetro.com/inthemoneystocks/?p=2386 All of the leading gold mining stocks have surged higher over the past week. The popular Market Vectors Gold Miners ETF (NYSE:GDX) has rallied higher by over $6.00 since January 25, 2012. This is a very fast move in such a small span of time. Whenever an equity rallies this quickly it will usually need to pullback or consolidate before moving higher. Traders can easily see that the GDX has been halted by the daily chart 200 moving average.

Leading gold mining stocks such as Randgold Resources Ltd (NASDAQ:GOLD), Royal Gold Inc (NASDAQ:RGLD), and Gold Corp Inc (NYSE:GG) are looking very similar to the GDX. These leading gold mining stocks will most likely need to consolidate at this time. Once these stocks can base or consolidate for a while they could be possibly bought again.

Nicholas Santiago
InTheMoneyStocks.com


Gold Miners Look Tired is a post from the TradingMetro blog, My 2 Cents. Get a blog like this for free by joining our trading community today. TradingMetro is the forex trading system and forex trading software marketplace for self-directed traders.

]]> http://www.tradingmetro.com/inthemoneystocks/2012/01/gold-miners-look-tired/feed/ 0 Gold Fails To Shine http://www.tradingmetro.com/inthemoneystocks/2012/01/gold-fails-to-shine/ http://www.tradingmetro.com/inthemoneystocks/2012/01/gold-fails-to-shine/#comments Wed, 18 Jan 2012 01:32:02 +0000 inthemoneystocks http://www.tradingmetro.com/inthemoneystocks/?p=2303 The SPDR Gold Shares (NYSEARCA:GLD) have rallied sharply higher since December 29, 2011 when the highly popular ETF traded as low as $148.27 a share. This morning the GLD is trading lower by 0.67 cents to $159.85 a share. Short term traders can watch for intra-day support around the $159.60, and $159.00 levels. Traders can watch for quick intra-day bounces around these levels. Should the GLD continue to decline below these support areas the next important level for an intra-day bounce will be around the $158.25 area.

Many of the leading gold mining stocks are also trading flat at the start of the trading session. The Market Vectors Gold Miners ETF (NYSEARCA:GDX) is trading lower by 0.02 cents a share. Traders can watch for intra-day support around the $52.50 area.

Nicholas Santiago
InTheMoneyStocks.com


Gold Fails To Shine is a post from the TradingMetro blog, My 2 Cents. Get a blog like this for free by joining our trading community today. TradingMetro is the forex trading system and forex trading software marketplace for self-directed traders.

]]> http://www.tradingmetro.com/inthemoneystocks/2012/01/gold-fails-to-shine/feed/ 0 Gold Mining Stocks Must Be Traded http://www.tradingmetro.com/inthemoneystocks/2012/01/gold-mining-stocks-must-be-traded/ http://www.tradingmetro.com/inthemoneystocks/2012/01/gold-mining-stocks-must-be-traded/#comments Mon, 09 Jan 2012 02:00:12 +0000 inthemoneystocks http://www.tradingmetro.com/inthemoneystocks/?p=2261 There are so many traders and investors that believe that the gold mining stocks will automatically trade along with gold, the precious metal; this is not always the case. Every stock has its own set of issues that it will face. Very often the price of gold and the gold mining stocks will trade in tandem with each other, however, there will be times when the mining stocks will lag and other times when they will lead the price of gold. Each different gold mining stock must be followed and watched closely on an individual basis.

These days the Market Vectors Gold Miners ETF (NYSE:GDX) is beginning to form a sideways bullish base on the daily chart. This type of pattern could setup for another leg higher. The problem with the GDX is that it is still trading below the daily chart 50, and 200 moving averages. These important moving averages will be the next important daily chart resistance levels for the GDX. Short term traders can watch for intra-day resistance around the $54.25, and $54.65 levels.

Some leading gold mining stocks that are trading slightly higher this morning include Yamana Gold Inc (NYSE:AUY), Goldcorp Inc (NYSE:GG), and Royal Gold Inc (NASDAQ:RGLD). Traders must remember that these stocks will not always follow the price of gold and will trade according to their own cycle.

Nicholas Santiago
InTheMoneyStocks.com


Gold Mining Stocks Must Be Traded is a post from the TradingMetro blog, My 2 Cents. Get a blog like this for free by joining our trading community today. TradingMetro is the forex trading system and forex trading software marketplace for self-directed traders.

]]> http://www.tradingmetro.com/inthemoneystocks/2012/01/gold-mining-stocks-must-be-traded/feed/ 0 Gold Miners Try To Dig Out The Ditch http://www.tradingmetro.com/inthemoneystocks/2011/12/gold-miners-try-to-dig-out-the-ditch/ http://www.tradingmetro.com/inthemoneystocks/2011/12/gold-miners-try-to-dig-out-the-ditch/#comments Fri, 16 Dec 2011 01:27:15 +0000 inthemoneystocks http://www.tradingmetro.com/inthemoneystocks/?p=2230 Throughout this week, the leading gold mining stocks have come under heavy selling pressure. The Market Vectors Gold Miners ETF (NYSEARCA:GDX) has declined from $56.00 a share on December 12, 2011 down as low as $51.57 a share yesterday. That is a major drop for the ETF in less than a week by anyone’s standards. This morning, the GDX is trading higher by $1.05 to $52.75 a share. The daily chart is short term oversold so a near term technical bounce should not be ruled out. The GDX also has a lot of short term daily chart support around the October lows. Traders can watch for intra-day support on the GDX around the $53.25, and $54.00 levels.

Some other leading gold mining stocks that are trading higher this morning include Goldcorp Inc (NYSE:GG), Newmont Mining Corp (NYSE:NEM), and Yamana Gold Inc (NYSE:AUY). When gold and the gold miners decline it is usually a good sign of deflation in the market place. The opposite is true when gold and the gold miners rally, it is a sign of inflation. Therefore, all moves in the gold mining stocks should be viewed as short term at this time.

Nicholas Santiago
InTheMoneyStocks.com

Gold Miners Try To Dig Out The Ditch is a post from the TradingMetro blog, My 2 Cents. Get a blog like this for free by joining our trading community today. TradingMetro is the forex trading system and forex trading software marketplace for self-directed traders.

]]> http://www.tradingmetro.com/inthemoneystocks/2011/12/gold-miners-try-to-dig-out-the-ditch/feed/ 0 What Is Gold Telling Us Today? http://www.tradingmetro.com/inthemoneystocks/2011/11/what-is-gold-telling-us-today/ http://www.tradingmetro.com/inthemoneystocks/2011/11/what-is-gold-telling-us-today/#comments Mon, 14 Nov 2011 01:23:07 +0000 inthemoneystocks http://www.tradingmetro.com/inthemoneystocks/?p=2101 There is a very simply rule that traders should follow, when gold is trading higher it is signaling an inflating stock market. The opposite is true when gold is trading lower, it is signaling a deflating stock market. Gold and the major stock indexes are synonymous at this time and will trade in the same direction. Traders and investors should know that gold often leads the stock markets and will usually signal the direction for the major stock indexes.

This morning, the popular SPDR Gold Trust (NYSE:GLD) is declining by 0.85 cents to $173.11 a share. The GLD will have short term intra-day support around the $172.60 area. Should the GLD decline through that support area the next important support area will be around the $171.00 level.

Many of the leading gold mining stocks are coming under some early selling pressure. The Market Vectors Gold Miners ETF (NYSE:GDX), Randgold Resources Limited (NASDAQ:GOLD), Yamana Gold Inc (NYSE:AUY), and Goldcorp Inc (NYSE:GG) are under some early selling pressure to start the day. Traders should watch the U.S. Dollar Index very closely, when the dollar declines intra-day these leading gold mining stocks are likely to catch a bid off of the morning lows.

Nicholas Santiago
InTheMoneyStocks.com

What Is Gold Telling Us Today? is a post from the TradingMetro blog, My 2 Cents. Get a blog like this for free by joining our trading community today. TradingMetro is the forex trading system and forex trading software marketplace for self-directed traders.

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