Bryan Leighton's Blog Posts Tagged 'AEM' (9)

Gold Miners Continue To Dig A Hole Lower

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.…

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Added by Bryan Leighton on April 18, 2012 at 3:50pm — No Comments

Gold Miners Dip, What Does This Mean?

This morning, the leading gold mining stocks are declining lower. It seems that gold and the leading gold mining stocks have begun to trade right along with the major stock market indexes once again. If you look at the popular Market Vectors Gold Miners ETF (NYSE:GDX) you will see that the GDX made a low on October 4, 2011 at $50.42 a share. This is the same day that the major stock indexes made a low as well. Since that day the GDX has rallied higher with the major stock indexes. This…

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Added by Bryan Leighton on October 13, 2011 at 10:39am — No Comments

Precious Metals Shine Early

This morning, the precious metals are all trading sharply higher. The catalyst for the rally in gold and silver is the European Union bailout plan. Traders should be aware that if this European Union bailout plan turns out to be a hoax the major stock indexes and the precious metals could decline again. At this time, the move higher in the precious metals are signaling inflation in the markets and the economy.



The SPDR Gold Shares (NYSE:GLD) are trading higher by… Continue

Added by Bryan Leighton on September 27, 2011 at 10:44am — No Comments

Gold Dips, However, It Is Still The Golden Investment

This morning, spot gold is declining lower by $21.00 to $1838 per ounce. Gold has been extremely volatile over the past month. Many traders and investors have been fleeing the precious metal due to rumors of another margin hike by the CME Group. So far, the CME Group has increased margins for gold on two separate occasions since August 10, 2011. Traders may remember, it took four separate margin hikes in silver to cause the price to decline sharply. It is important to note that gold has… Continue

Added by Bryan Leighton on September 12, 2011 at 10:40am — No Comments

Gold Gets Slammed Early, Watch This Support Area

This morning, the popular and highly followed SPDR Gold Shares(NYSE:GLD) are trading lower by $6.50 to $176.34 a share. Spot gold is declining lower by nearly $50.00 to $1823.00 an ounce. The last time gold sold off so sharply the CME Group increased margin requirements for the precious metal. Traders should remember that in late April 2011 it took four margin hikes by the the CME Group before silver rolled over sharply. The margin requirements for gold have been increased twice…
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Added by Bryan Leighton on September 7, 2011 at 10:01am — No Comments

Gold Miners Retreat

Many of the leading gold mining stocks have rallied sharply higher from August 5, 2011. At that time, the popular Market Vectors Gold Miners ETF (NYSE:GDX) was trading as low as $53.77 a share. The leading gold mining stocks are pausing today from their recent advance. This morning, the GDX is trading lower by 0.75 cents to $62.94 a share. The current pattern on the GDX daily chart remains very strong, however, after such a strong advance a pullback or some consolidation should not be… Continue

Added by Bryan Leighton on August 23, 2011 at 10:46am — No Comments

Gold Down, Gold Miners Up

Spot gold is trading lower this afternoon as the CME raised margin requirements last night. The SPDR Gold Shares(NYSE:GLD) are trading lower by $4.09 to $170.49 a share. While the precious metal is trading lower on the session it is the gold mining stocks that are participating in the stock market rally.



The Market Vectors Gold Mining ETF(NYSE:GDX) is trading higher by 0.77 cents to $60.07 a share. Leading mining stocks such as Newmont Mining Corp.(NYSE:NEM), Agnico Eagle…
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Added by Bryan Leighton on August 11, 2011 at 4:00pm — No Comments

Gold Miners Still Lag the Metal

This morning, the gold mining stocks are trading slightly higher on the trading session. The popular Market Vectors Gold Miners ETF (NYSE:GDX) is trading higher by 0.56 cents to $57.90 a share. Recently, the GDX rolled over on the daily chart after trading as high as $61.71 a share on July 25, 2011. Meanwhile the SPDR Gold Shares (NYSE:GLD) are trading higher by $1.33 to 159.05 a share. This tells us that the gold mining stocks are obviously lagging the precious metal. Traders can watch… Continue

Added by Bryan Leighton on August 2, 2011 at 10:08am — No Comments

Gold Stands Alone At The Moment

The SPDR Gold Shares have been in rally mode since July 1, 2011 when it traded as low as $143.97 a share. Since that low pivot in the beginning of July, the GLD has rallied sharply higher by 5.0 percent. This morning, the GLD is trading higher by $1.34 to $151.59 a share. Short term traders can watch for intra-day resistance around the $152.00 area. Should the GLD rally further throughout the session the $152. 50 area would be the next intra-day resistance area. Gold is being viewed by many… Continue

Added by Bryan Leighton on July 11, 2011 at 10:54am — No Comments

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