Bryan Leighton's Blog Posts Tagged 'AUY' (26)

Bottom In The Making: Miners Reverse Off Lows Again

For the second time in a week, the miners have reversed off early lows. Stocks like Goldcorp Inc. (USA) (NYSE:GG), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) and Yamana Gold Inc. (USA) (NYSE:AUY) are all off their lows, trying to move to the positive side in an ugly market sell off. These stock have all been hammered in recent months, trading at or near 52 week lows. This second reversal in a week speaks of a possible bottom forming in the sector. Stocks like Goldcorp could be…

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Added by Bryan Leighton on May 14, 2012 at 12:16pm — No Comments

Gold Stands Out With Blood In The Street

This afternoon, almost every major stock market index is trading lower on the session. Traders and investors are experiencing a very rare broad based decline. The one sector that is showing strength today is gold and the gold mining stocks. The SPDR Gold Trust (NYSEARCA:GLD) is actually trading higher by $1.88 to $161.25 a share. It is very important to note that gold has been weak since February 28, 2012 when it traded as high as $174.00 a share. Despite today's rally in gold the…

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Added by Bryan Leighton on April 10, 2012 at 3:57pm — No Comments

Gold Remains Brittle In The Near Term

This morning, most of the leading gold and gold mining indexes are trading higher to start the day. As you may know, the gold sector has been extremely weak since late February 2012. At that time, the highly popular SPDR Gold Shares (NYSE:GLD) were trading as high as $174.00 a share. Today, the GLD is trading higher by $1.62 to $159.92 a share. The daily chart of GLD still remains very weak as the price is trading below the daily chart 50, and 200 moving averages. This formation puts…

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Added by Bryan Leighton on April 9, 2012 at 10:14am — No Comments

Gold Mining Stocks Continue To Sink

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…

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Added by Bryan Leighton on March 27, 2012 at 4:00pm — No Comments

Gold Miners Try To Claw Out Of A Hole

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…

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Added by Bryan Leighton on March 15, 2012 at 10:19am — No Comments

Gold Miners Try To Dig Out Of Yesterday's Hole

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…

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Added by Bryan Leighton on March 1, 2012 at 10:24am — No Comments

Gold Mining Stocks Must Be Traded

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…

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Added by Bryan Leighton on January 9, 2012 at 11:10am — No Comments

Gold Miners Try To Dig Out The Ditch

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…

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Added by Bryan Leighton on December 16, 2011 at 10:34am — No Comments

Weekly Report: Gold Mining Stocks, Here Is The Trade

Last week, the major stock market indexes inflated sharply higher. The highly followed and popular Dow Jones Industrial Average (DJIA) gained 787.0 points by the close on Friday afternoon. The catalyst for the stock market rally last week was once again, the central banks around the world stating they would provide liquidity for the frozen banks. This announcement is simply more of the same news that many traders and investors recall hearing in September 2008. Perhaps this time around…

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Added by Bryan Leighton on December 5, 2011 at 9:56am — No Comments

Gold Speaks To Traders

Every trader should watch gold extremely closely. Gold has signaled inflation better than any indicator in the world for the past ten years. When gold trades higher it tells traders that the stock markets are being inflated by a major institution or perhaps even a central bank. The opposite is true when gold declines as it will indicate that the stock market is deflating. Gold and the stock market are synonymous with each other. The only difference is that gold will usually lead the…

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Added by Bryan Leighton on November 17, 2011 at 11:10am — No Comments

What Is Gold Telling Us Today?

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…

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Added by Bryan Leighton on November 14, 2011 at 10:27am — No Comments

Gold Hits Key Level, Here Is The Play

Gold has moved higher of late, pushing up on fears from Europe and the possibilities of inflation ahead. Technically, the SPDR Gold Trust (ETF) (NYSEARCA:GLD)  just hit a key gap fill. This gap fill represents a point where gold should pull back. The level on the GLD was $173.60 and can be seen in the chart below. A short term pull back on gold is likely off of this master gap fill.



Gareth Soloway

InTheMoneyStocks.com…



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Added by Bryan Leighton on November 7, 2011 at 1:21pm — No Comments

Miners Strike Gold Early

This morning, the gold mining stocks are rallying sharply higher. The popular Market Vectors Gold Miners ETF (NYSE:GDX) are trading higher by $1.42 to $62.72 a share. The GDX has soared higher by more than $12.00 since October 4, 2011. Traders must realize that the GDX is now overbought and could need to pullback or consolidate very soon according to the daily chart. Traders that own the GDX at these levels should simply tighten up the stop loss at these levels. The GDX will have…

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Added by Bryan Leighton on November 7, 2011 at 10:19am — No Comments

Gold Surges Off the Morning Lows

Gold has just skyrocketed higher from the start of the trading day. When gold rallies it is signaling that inflation is coming into the market place. Traders can easily see the bounce in all of the major stock indexes since the opening bell as gold lead the move higher. The SPDR Gold Shares (AMEX:GLD) are still trading lower by $1.07 to $166.30 a share. The GLD will have intra-day resistance around the $167.00, and $168.00 levels.



Gold mining stocks have also…

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Added by Bryan Leighton on November 1, 2011 at 11:08am — No Comments

Gold Is Not Participating In The Market Pop

This morning, the popular and highly traded SPDR Gold Shares (NYSE:GLD) is not trading higher with the major stock indexes. The GLD is trading lower by 0.34 cents to $167.07 a share. Over the past five trading days the GLD has soared sharply higher, therefore, today could just be a pause day or a breather from a quick move. Since early September, gold has signaled that the economy is facing deflationary pressures. The GLD bottomed on September 26, 2011 at $154.19 a share which was…

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Added by Bryan Leighton on October 27, 2011 at 10:27am — 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

Where To Buy: Precious Metals Collapse

Precious metals have crashed today. The SPDR Gold Trust (ETF) (NYSE:GLD), is trading at $160.45, -8.60 (-5.09%) and the iShares Silver Trust (ETF) (NYSE:SLV) is trading at $29.79, -5.13 (-14.69%). In the last few days, silver has collapsed more than 25%. This fall was long overdue as amateur investors had been buying these metals up recklessly.



The buy level for these two metals in the short term is right in the current area. The GLD hit major support at $159.50 and the SLV at $29.50.… Continue

Added by Bryan Leighton on September 23, 2011 at 2:07pm — 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 Jump Out Of the Gate

This morning, gold and gold mining stocks are taking off to the upside. The popular Market Vectors Gold Miners ETF(NYSE:GDX) is trading higher by $1.64 to $66.55 a share. Traders must watch the $66.50 and $67.00 levels as short term intra-day resistance. The daily chart on the GDX continues to remain very strong, however, the GDX is starting to get a bit extended and overbought. Whenever, stocks or ETF's get extended on the daily chart they will usually need to pullback or consolidate… Continue

Added by Bryan Leighton on September 6, 2011 at 10:21am — No Comments

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