Bryan Leighton's Blog Posts Tagged 'NEM' (20)

The Dollar Breakout Brings Down Markets

By now everyone should know that when the U.S. Dollar Index is strong the major stock and commodity markets will deflate and trade lower. Most leading commodity stocks are falling sharply lower today as the U.S. Dollar Index futures surge higher. Traders can easily see how the PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) is trading higher by 0.17 cents to 22.51 a share.



This afternoon, most leading oil, mining, and coal stocks are trading sharply lower.…

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Added by Bryan Leighton on May 15, 2012 at 3:58pm — No Comments

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 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 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 Miners Are Stuck In A Ditch

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…

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Added by Bryan Leighton on February 22, 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 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

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 Miners Soar, Are They Extended?

All of the leading gold mining stocks have soared higher over the past month. This morning, the popular Market Vectors Gold Miners ETF(NYSE:GDX) is trading higher by $1.01 to $60.75 a share. The move in the the GDX has been nothing short of sensational, however, price is now very extended, and overbought at this time. The GDX may trade a little bit higher, but whenever a stock or ETF goes straight up the way the GDX has it must pullback or consolidate soon. Traders should look for a pullback in… Continue

Added by Bryan Leighton on July 18, 2011 at 10:19am — No Comments

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