Silver Stocker

Main Forums => Silver - General Discussion => Topic started by: Chart_ist on June 27, 2017, 11:07:53 AM

Title: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 27, 2017, 11:07:53 AM
(https://www.tradingview.com/x/lOGl4rBL/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 27, 2017, 02:28:47 PM
I still see life with the GDX's that appear to be holding it at the 5 day MA line following some earlier day to day performance. Looks good for continuation at this time, so I would look for solid performance in the miner's for a day or two at least. The Yen has pulled down in strength significantly and the buyback performance from here should be important to the setup as I see it unless there is a complete disconnect and what the Yen does doesn't matter.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 28, 2017, 11:04:51 AM
Very sleepy morning in the GDX's with latent spikes finally  developing. Validation of the latent spikes are in, so it looks like we should play today. Let's see where we go. GL.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on June 28, 2017, 11:10:34 AM
Very sleepy morning in the GDX's with latent spikes finally  developing. Validation of the latent spikes are in, so it looks like we should play today. Let's see where we go. GL.
I actually bought some CDE today. The first thing it did was go down as usual.  8.59 This stock is at the lower end of the bollinger bands. AG, SSRI are near the top. By the time cde is near the top the others should have completed the pullback.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Erich on June 28, 2017, 11:23:43 AM
Very sleepy morning in the GDX's with latent spikes finally  developing. Validation of the latent spikes are in, so it looks like we should play today. Let's see where we go. GL.
I actually bought some CDE today. The first thing it did was go down as usual.  8.59 This stock is at the lower end of the bollinger bands. AG, SSRI are near the top. By the time cde is near the top the others should have completed the pullback.
CDE taking  the lead so far. Picked up a little more SSRI. Holding AG CDE.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 28, 2017, 11:28:13 AM
Very sleepy morning in the GDX's with latent spikes finally  developing. Validation of the latent spikes are in, so it looks like we should play today. Let's see where we go. GL.
I actually bought some CDE today. The first thing it did was go down as usual.  8.59 This stock is at the lower end of the bollinger bands. AG, SSRI are near the top. By the time cde is near the top the others should have completed the pullback.
CDE taking  the lead so far. Picked up a little more SSRI. Holding AG CDE.
Checking on CDE this morning it looks like it is starting an advance. Good call IMO.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on June 28, 2017, 11:37:09 AM
There are some things to like and dislike about the CDE chart.  As you say, it is in the lower BB spread and moving off it but via horizontal price action with the lower band falling, not a positive signal. the bands pinched at the beginning of the month and the break was down, not a good sign, but the horizontal price action my signal a short term bottom. MACD histogram is improving yet not bull oriented, the improvement is a good sign as is the improving RSI. PSAR is in in a downtrend, maybe nearing a bottom. It is hard to say on CDE price direction short term, but the bias is probably to the up side. Long term, I think the stock is buy. Right now one fundamental factor is the bad press, right or wrong, concerning the Lucky Friday miner's strike, that may be having the greater influence on the stock.

(https://www.tradingview.com/x/R9EYc38Q/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Erich on June 28, 2017, 11:53:17 AM
There are some things to like and dislike about the CDE chart.  As you say, it is in the lower BB spread and moving off it but via horizontal price action with the lower band falling, not a positive signal. the bands pinched at the beginning of the month and the break was down, not a good sign, but the horizontal price action my signal a short term bottom. MACD histogram is improving yet not bull oriented, the improvement is a good sign as is the improving RSI. PSAR is in in a downtrend, maybe nearing a bottom. It is hard to say on CDE price direction short term, but the bias is probably to the up side. Long term, I think the stock is buy. Right now one fundamental factor is the bad press, right or wrong, concerning the Lucky Friday miner's strike, that may be having the greater influence on the stock.

(https://www.tradingview.com/x/R9EYc38Q/)
Lucky Friday is a HL mine not CDE
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on June 28, 2017, 11:53:55 AM
Lucky Friday is Hecla's problem. Or am I missing something?
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on June 28, 2017, 12:08:53 PM
Lucky Friday is Hecla's problem. Or am I missing something?

My mistake, sorry. Feeling a little puny today, maybe should not post
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 28, 2017, 12:13:28 PM
There are some things to like and dislike about the CDE chart.  As you say, it is in the lower BB spread and moving off it but via horizontal price action with the lower band falling, not a positive signal. the bands pinched at the beginning of the month and the break was down, not a good sign, but the horizontal price action my signal a short term bottom. MACD histogram is improving yet not bull oriented, the improvement is a good sign as is the improving RSI. PSAR is in in a downtrend, maybe nearing a bottom. It is hard to say on CDE price direction short term, but the bias is probably to the up side. Long term, I think the stock is buy. Right now one fundamental factor is the bad press, right or wrong, concerning the Lucky Friday miner's strike, that may be having the greater influence on the stock.
Granted the advancement is only restrengthening for CDE and about a month later from when the bands pinched which is often the case. So far it's doing what it needs to do. Nice overall assessment.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on June 28, 2017, 02:24:51 PM
Seems to be a bit of a disconnect with the miners from the Yen. Saw this yesterday also.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 28, 2017, 02:35:03 PM
Seems to be a bit of a disconnect with the miners from the Yen. Saw this yesterday also.
Been seeing that as well. I think there's a pretty good chance the upswing will last for awhile, especially with the long tail in place from Monday. Historically, it's looks to be a pretty good marker. It's not absolute, but it's a good sign IMO.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 28, 2017, 11:10:07 PM
A look at Gold.
(https://www.tradingview.com/x/qXZuY1pJ/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on June 29, 2017, 07:14:08 AM
Here is another look at gold that is supportive of the fine work you presented in last night's reply. BB's are shown as a %. Notice the minimum % is a precursor to a short term up move, however, it is not fool proof as can be seen on the Nov. 11, 2016 minimum. One might have avoided acting on this false signal by viewing MACD and PSAR as they were flat ugly at this juncture. My graph is plotted with a semi log scale so the ascending support line shows a little more violation, but I am inclined to interpret this as a false violation. Parabolic Stop and Reverse has turned bull favorable, but MACD histogram is not bull oriented but showing a tendency to move in that direction. Overall it is a reasonably positive picture but could be better.

(https://www.tradingview.com/x/GiNbpkDs/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on June 29, 2017, 07:32:52 AM

Another chart of gold shows a horizontal resistance line at around $1257 to $1260 and price has violated the 40 dma currently at $1253 indication price could be at a decision point. Had we not had the manipulative beat down action during the wee hours of Monday morning, this comment would not be relevant. RSI is not much help wondering between 40 and 50 no definitive slope bias. 40 DMA continues to trace above 100 DMA for a positive orientation. As I said in the previous post the charts are positive but could be more convincing.


https://www.tradingview.com/x/D5IJqL98/
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on June 29, 2017, 07:34:36 AM
Messed up again, here is the chart:

(http://tradingview.com/x/D5IJqL98/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 29, 2017, 09:12:30 AM
Right now it looks like the Yen will continue to play through with Gold and Silver still pointing towards upward direction. I think under these conditions that we may see a shaky day, with the morning being rough and recovering / improving in the afternoon. Likely to be more bottom development and possibly another long tail.  GL.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on June 29, 2017, 01:53:28 PM
Right now it looks like the Yen will continue to play through with Gold and Silver still pointing towards upward direction. I think under these conditions that we may see a shaky day, with the morning being rough and recovering / improving in the afternoon. Likely to be more bottom development and possibly another long tail.  GL.

It is turning out to be a very poor day for PM stocks with GDX and GDXJ down well over 2%, disproportionate to the modest declines in product. It is likely that the conventional stock market is dragging everything down. One might also ask if this is a roll over that starts a major downturn in the conventional market, one that will not come in Yellen's lifetime. It is coming any many are predicting soon, but no one knows. We will all know looking back. October seems to be a common for a market thumping.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 29, 2017, 02:20:14 PM
Gold appears to have responded to the pullback in the Yen. The GDX's are just horrible today and I've come to the conclusion that the GDX's are what matters most with miner performance. I'm not seeing it as a real big deal at this time. I would attribute it to a simple reset. Greater clarity would be nice overall, but I think that is likely to occur after the 4th. I was looking at the Yen and saw that for continuation in regards to it's Arc it will have to come back around July 3 - 5th, so it's 50/50 until we get some real clarity IMO. I may throw a Yen chart up later, right now I've got things to do. GORO made a nice pop today, probably because it's looking like the stronger and safer stock to stay with during this uncertainty. I trends to work that way on bad days. GL all.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 29, 2017, 03:36:24 PM
Prospects of the Yen as I'm seeing it. Looks likely to sit on its 40 MA and then.....(https://www.tradingview.com/x/V74LWWZk/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on June 30, 2017, 09:24:15 AM
Looking at a 7 month chart of GDXJ as a proxy, we might be in for a low volatility PM stock market for another month. Descending and ascending trend lines intersect mid August, so we should get a break out resolution by then. RSI is range bound between 40 and 60 with a slightly downward slope indicating no movement forthcoming. MACD is lethargic around the zero line but on a real close examination, it looks to be moving toward a very slight bear bias supporting the lower trend line intersection approach at about $33.20. BB% has peaked but again is lethargically moving off the peak, so low amplitude price decline suggested there. The two red lines on the chart form an estimated horizontal resistance band between $33.30 and $34.30.
My take away from this is that covered call positions written for July 21 expiration at current or slightly higher strike prices are likely to expire worthless. Every stock has to examined individually to raise confidence in the conclusion, but in general, I will be writing calls during the trading day today.
Comments?


(https://www.tradingview.com/x/pV6Ckb6I/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on June 30, 2017, 09:57:56 AM
You may be right on that downtrend. Looking at the dollar/jpn it seems a uptrend is possible.

(https://www.tradingview.com/i/xNa36KGe/)

Looking at PVG we see that a pullback is in order:
(https://www.tradingview.com/i/mbrfvhCg/)

CDE, higher lows
(https://www.tradingview.com/i/TnC1hEyR/)

So it looks like the best way to profit is to buy and sell on up days until this resolves and a direction forward is clear.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on June 30, 2017, 10:05:49 AM
Yen chart above is old. Thought the link would update it... Here's a link...
https://www.tradingview.com/chart/USDJPY/xNa36KGe-Yen-dollar/ (https://www.tradingview.com/chart/USDJPY/xNa36KGe-Yen-dollar/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 30, 2017, 11:13:25 AM
(https://www.tradingview.com/x/msAKnRMJ/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on June 30, 2017, 11:38:20 AM
(https://www.tradingview.com/x/msAKnRMJ/)
And that is the roll of the dice. Yen or gold?
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on June 30, 2017, 12:18:19 PM
In response to at Ken's reply 22 in this thread, here is another chart supporting his thoughts:

(https://www.tradingview.com/x/TR10ORNX/)

I agree PVG, which has been a major disappointment since announcing their first pour, is looking like another correction is in the cards, albeit a minor correction. Converging trend lines intersect late July at about $9.10. BB $ bandwidth has peaked in this narrowing range and MACD is looking like it is about to roll over. Up trending PSAR is long in the tooth for the short cycles. If the share price seriously violates the upper trend line, then these thoughts go out the window.

An upward move has support from a fundamental perspective. In the second quarter earnings report due in early August, the company will have their first revenue from operating mine production and will probably give a gold production rate with updated time frame guidance on achieving design production. I would also expect they will have positive things to say about their exploration progress. The earnings release timing and intersection of the trend lines is within a couple weeks so there is a rough congruence with that data.

Bottom line, I expect a little downturn but maintaining support just above $9.00 then a steady up move mid term.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on June 30, 2017, 12:37:45 PM
Here is a updated chart on the Yen.
Extended bollinger band . Downward trend since January.
20 day MA downward
40 day MA upward
Ready to touch.
(https://www.tradingview.com/i/BagpeBq8/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on June 30, 2017, 03:19:33 PM
GDX's bottoms look nice on my board today pointing to a good day come Monday. Day by day, piece by piece. Nice works posters IMO!
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on June 30, 2017, 04:23:28 PM
GDX's bottoms look nice on my board today pointing to a good day come Monday. Day by day, piece by piece. Nice works posters IMO!
Have a good weekend!
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on June 30, 2017, 04:29:31 PM
GDX looking for a pop!

(https://www.tradingview.com/i/FUq2MWLg/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 05, 2017, 08:10:36 AM
Looks like we did not get your pop Ken, here is another look at it with a little more data. Our trend lines are not exactly the same as you have a reconciliation intersetion in August and mine is in late July, but the gistis the same.

(https://www.tradingview.com/x/m0gz85Cf/)

RSI and MACD are not indicative of a bounce, nor is the violation of the lower trend line. %BB is a little encouraging as itappears the pinching is nearing a minimum, confirming the reconcilation for a move one way or the other. I am still thinking we get a little more down trend honoring the MACD, RSI, and trend line violation, but by early August, even late July, I believe we get a break to the upside that has some legs. This should allow the MACD and RSI to mature into shifting from bear to bull orientation and honor what I consider as positive fundamentals for the PM space, not withstanding non free market influence like we had early last week.

Hope everyone had a good and safe holiday
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 06, 2017, 04:47:21 PM
In search of key lines and how silver's looking  to me right now.
(https://www.tradingview.com/x/ln567RD8/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 06, 2017, 07:22:10 PM
Downward trend for silver. Gold trend-lines still show upward movement for now. Can we get the gold/silver ratio spread soon?
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 06, 2017, 08:52:50 PM
AN interesting graph, I am trying to get itto post as a chart and not a link, we will see in a minute.

(https://2.bp.blogspot.com/-UcVKv7KAG88/WV1JPiOU5RI/AAAAAAABTFI/ZWj5A96IYYMe9ZaQrV6tPQoJyK-hYYVSgCLcBGAs/s640/oil_deflation.png)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 06, 2017, 09:11:46 PM
Silver does not look so good, PSAR looks like the down run has a week or two of legs, MACD looks ugly and BB's while at a pinch point, may stay there for a while or open up with an additional down move.

(https://www.tradingview.com/x/L27Fs7UD/)

Gold does not look so shiny either. It could be a reflection of capitulation out of PM's or it could be signaling more pain. I am holding my positions and will continue to write options for income to dollar cost average into more shares of quality companies, favorites being PVG and BTG at the moment.

(https://www.tradingview.com/x/C5XG8zsb/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 06, 2017, 10:48:47 PM
I feel this is significant and should be taken into consideration for long term expectations. This type of magnification (tail) as I understand it from an earlier post about how it occurs in relation to physical. Historically it reveals an eventual flattening of the channel leading into a down-slide. The bounce back appears to be about a 3 to 5 month duration. A recovery to the likely value of 17.70 would certainly be met with extreme volatility and testing IMO. Bottom line, the outlook doesn't look good with this extreme tail in place. GL.
(https://www.tradingview.com/x/t0g9DJFe/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Erich on July 07, 2017, 06:11:30 AM
More "fat finger games" being played ln the silver market last night. Feels like a big move is coming
ER
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 07, 2017, 08:49:40 AM
Look at the dollar/yen chart at 5 minutes. Spike city....
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 07, 2017, 08:54:02 AM
lots of spiking but in the end, not much movement at this posting. Jobs much better than I expected.

(https://www.tradingview.com/x/vqrjj1pp/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Erich on July 07, 2017, 09:40:24 AM
Stopped out of AG with a 10% loss. Still holding AG and SSRI. Shorts  keeping pace with my long positions. Cash
is king.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Nikko on July 07, 2017, 09:50:06 AM
Bought a good chunk AG at 7.19
Bought NUGT 26.90

IMO we turn around starting today.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 07, 2017, 09:54:26 AM
Stopped out of AG with a 10% loss. Still holding AG and SSRI. Shorts  keeping pace with my long positions. Cash
is king.
AG has to be at the bottom. Looking to buy Monday perhaps. Still in cash at this point.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Nikko on July 07, 2017, 09:56:37 AM
I have stops in 4% lower...If AG can't hold around here...it could go a lot further down.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Erich on July 07, 2017, 10:00:48 AM
Bought a good chunk AG at 7.19
Bought NUGT 26.90

IMO we turn around starting today.
Bold call. I see no reason for a turnaround. Hated to dump the AG but my rules are in place to protect myself. Net short at the moment.  ER.  Adding to SSRI will be my next play. 
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Nikko on July 07, 2017, 10:08:36 AM
Like I said AG MUST hold here or we can can see it way lower...so stops are necessary.
NUGT is simply a day trade at the moment.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Erich on July 07, 2017, 11:16:02 AM
Looks like they want to take gold below 1200. Its been a while since we have seen that. Panic selling may begin at that price, but the big players may be net buyers at that time. Wait and see mode.
GLTA ER
 
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 07, 2017, 02:11:17 PM
Gold looks really bad on the charts, both BB's are headed south, price action is headed south, MACD and RSI are strongly bearish and this reaction is on jobs report Friday, where the fundamental influence may dominate TA. If the green support line at $1192 is breached, we could be in for a serious correction, one that might be exacerbated by a little non free market selling by manipulators. I nearly doubled my TAHO position today and added a small amount of AG. I am thinking there could be a twofold reason for TAHO to raise, resolution of the mine concession court challenge and a PM bump. AG has been beaten like a rented mule; it should have a dead cat bounce at a minimum.


(https://www.tradingview.com/x/m8yzDYBb/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 07, 2017, 03:38:22 PM
(https://www.tradingview.com/x/Qik9pn5n/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Nikko on July 07, 2017, 04:02:57 PM
I held my AG but sold my NUGT for small loss
Added CDE at 7.89
Have 2 sizeable trading positions now with AG at 7.19 and CDE at 7.89...with stops about 4% lower
IMO this is a great trade at the moment as you define your loss and these can easily go 25-30% higher with a nice gold move.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 07, 2017, 06:43:17 PM
I held my AG but sold my NUGT for small loss
Added CDE at 7.89
Have 2 sizeable trading positions now with AG at 7.19 and CDE at 7.89...with stops about 4% lower
IMO this is a great trade at the moment as you define your loss and these can easily go 25-30% higher with a nice gold move.
I couldn't agree more. We're getting close to a break and the turnaround should be significant, really significant when it does. I also want to point out from my last post that from its beginning to now the Yen has tiered up a lot already, so two more tiers forward should have a lot of pressure against it. It's 50/50 with what happens, but the break could come any day IMO.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 07, 2017, 07:34:52 PM
I picked up some AG for 7.22 I see it closed a penny shy. Stop at 3%

I was looking at the dollar/yen chart and it looks like the right shoulder forming. Am I correct on this pattern formation?
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 09, 2017, 11:48:39 PM
Looking at the lower price end of my stocks for rebound potential I am solid on KGC, but iffy on NAK. Anybody want to throw in their thoughts about NAK? I know on the surface there's the Pebble Project and the company has had recent voting of leadership. It's seriously down, serious rebound potential????? KGC should do well and looks good for a rebound with Gold IMO.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: edthelorax on July 10, 2017, 07:37:18 AM
NAK reminds me of MGN, They had an undevelopded project in Montana, finally after a couple decades Mines Management was bought out.  What a waste of time and capitol that trade was. Basically a lottery ticket IMO.
Technically, it does not look too good, but nothing will at open this morning.
(https://www.tradingview.com/x/PK0FDFei/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 10, 2017, 12:40:22 PM
Looking at the lower price end of my stocks for rebound potential I am solid on KGC, but iffy on NAK. Anybody want to throw in their thoughts about NAK? I know on the surface there's the Pebble Project and the company has had recent voting of leadership. It's seriously down, serious rebound potential????? KGC should do well and looks good for a rebound with Gold IMO.

(https://www.tradingview.com/x/caPw8IBP/)

KGC is at an interesting juncture looking at the charts. Horizontal support resistance are sometimes more in the eye of the beholder as in this case, but it looks like the red support line has held, but the blue failed. Maybe the failure is a false penetration. I love that phrase, thanks Ed. The lower trend line is drawn from the January 2016 low and price action has tested it, but not dived below. BB seems to be coming off double pinch point suggesting we may be nearing a turn. MACD looks bad but the last day or so is showing a sign of changing for the better and that is supported by the STO chart at the bottom having just turned positive. Chart could be better as it could be in a confirmed bull orientation for all indicators, but it is not. The bias is positive I believe.
Fundamentally, the story is good with increases in production to come on line this year (showing up for essentially the entire second half) and next with cost controlled, even decreasing over that period. Some of the operating jurisdictions could be better, but the story is very good.  If it gets back to its 2008 high, a long term investor could reasonably expect a five plus fold return with some help from product prices.

NAK is a non starter for me. Their flagship proposed project requires eliminating or at the minimum drastically reworking a natural salmon rearing habitat in Alaska, something Alaskans will never tolerate and should they, the operating stipulations would be so harsh, economics would never pass muster. It got a big bounce with Trump's election, but to pun, Alaskans protecting salmon trumps the Trump administration.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 10, 2017, 01:02:52 PM
Thanks guys. One of the things I've noted in the MACD is that more times than not, solid advances are found following a double-dip and the phase appears at the very least to have underlying support for a short term venture providing safer ground. With gold likely to swing around and KGC following gold 99% of the time as I have read some where along the way I'm pretty sure KGC will fair well inside whatever window comes our way. Examine your MACD patterns and see if what I am saying holds true. GL all.
(https://www.tradingview.com/x/s6QwfF5o/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 11, 2017, 11:40:15 AM
There are some track line possibilities that the Yen could align with, however the best one I see is where the Yen is at. At the moment the Yen is weakening to its current line with Gold and Silver looking good today for bullish performance. Looking at the overall picture for the Yen I see what should be a two week window at which time it becomes questionable again. It's very, very possible for the Yen to time out and come back around to finish up with the onset of August. We'll see when we get there. GL.
(https://www.tradingview.com/x/kwDxdmJ6/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 13, 2017, 10:43:55 AM
I bailed on my TAHO after reading an article at SRSRocco.com filling in the blanks on management shenanigans. Bottom line as Nikko says, good management is required and this group seems to be very bad. Now the barristers that can not make a living any other way are filing class action lawsuits; what a scam, stockholders essentially suing themselves. Used the bulk of the proceeds to cover AG $8.50 July 21 puts for a nickel, not much, but I want access to the cash in case we get a big transitory drop on news. Bought a little CDE and GGTCF also.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 13, 2017, 11:11:33 AM
After the morning blast due to pressure from the Yen it's looking like the Yen is giving up at this point. We'll see if we can get a decent reversal going from here.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 13, 2017, 01:35:09 PM
(https://www.tradingview.com/x/iF5ToHbE/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: CLARKBAR on July 13, 2017, 03:28:50 PM
As likely an outcome development as any I've seen. Entre' Vous~!!
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 13, 2017, 08:20:00 PM
I bailed on my TAHO after reading an article at SRSRocco.com filling in the blanks on management shenanigans. Bottom line as Nikko says, good management is required and this group seems to be very bad. Now the barristers that can not make a living any other way are filing class action lawsuits; what a scam, stockholders essentially suing themselves. Used the bulk of the proceeds to cover AG $8.50 July 21 puts for a nickel, not much, but I want access to the cash in case we get a big transitory drop on news. Bought a little CDE and GGTCF also.

I do not know what was going through my mind when I wrote my trades in this post. I actually sold $8 July CDE puts for a nickel with the trade secured by the TAHO proceeds. I do have $8.50 July 21 covered calls written on my AG holding. It is all part of the strategy to use option income to bolster share count.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 13, 2017, 11:17:03 PM
Based on the principal that price action plays to a specific slope during a phase. As one can see, the Yen is still quite inside it's play range, but inside downward pressure levels at this time. It looks like we need a drop below 113.06 . Values are provided for Monday and Tuesday as well. Bottom line; the Yen needs to drop near to it's 40 DMA, until then I think it is likely to be very troublesome. GL.
(https://www.tradingview.com/x/WN8ZWjI6/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 14, 2017, 08:29:28 AM
Well you got that drop today.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 14, 2017, 08:46:35 AM
Yep, but I'm not seeing follow through for the spike in gold at this time. Looking like the Yen has paused in the drop. As long as the Yen trails down along its 10 DMA we should continue to fair well in gold.... WooHoo! (Hopefully & likely).
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 14, 2017, 08:48:47 AM
Well you got that drop today.

I find following this data very confusing because it is stated we got the drop today, but JPY is in the denominator so it actually rose when compared to the dollar
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 14, 2017, 09:11:28 AM
Well you got that drop today.

I find following this data very confusing because it is stated we got the drop today, but JPY is in the denominator so it actually rose when compared to the dollar
I had to go and read again how this works. I suppose you are right. It now takes less yen to purchase a U.S. dollar, so it has dropped and strengthened.... right? I just follow the chart. Works for me.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 14, 2017, 09:13:54 AM
https://www.tradingview.com/chart/DXY/FPe27nII-Dollar-Index/ (https://www.tradingview.com/chart/DXY/FPe27nII-Dollar-Index/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: edthelorax on July 14, 2017, 10:07:00 AM
Great chart Ken. filling out perfectly. Kind of looks like the USD is heading lower, this will mean higher prices down the line.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 14, 2017, 10:14:40 AM
Great chart Ken. filling out perfectly. Kind of looks like the USD is heading lower, this will mean higher prices down the line.
I wouldn't go all in yet. Like you say, its in its infancy. I has bought AG and SSRI monday, then they plunged and hit the stop loss. I wish I had set it a penny lower.....   >:(
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 14, 2017, 10:33:35 AM
Great chart Ken. filling out perfectly. Kind of looks like the USD is heading lower, this will mean higher prices down the line.
I wouldn't go all in yet. Like you say, its in its infancy. I has bought AG and SSRI monday, then they plunged and hit the stop loss. I wish I had set it a penny lower.....  >:(
I'm not seeing tremendous performance here today thus far. I was getting concerned with yesterday's performance, but I've stayed with what I've been seeing. Bought in KGC at 3.97 and a little too early. I'm not really charting it since I believe it's performance will be solely based on gold's performance which I will focus on. I think we are safe for a time now with the bottom drop in the yen. I agree with Ed's observation of your chart Ken and the benefits it could mean for this phase, not that I do anything with the DXY.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 14, 2017, 10:53:37 AM
Looking at the 2 hour chart seems to be the best way to buy low.....
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 14, 2017, 11:20:59 AM
Looking at the 2 hour chart seems to be the best way to buy low.....
I looked at it in relation to KGC and it does spot the bottom with a two point touchdown to a trend line. I'll keep it in mind. Thanks.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 14, 2017, 12:49:55 PM
A good probability why performance is not as strong as it could be, we haven't achieved clear failure in the yen just yet.
(https://www.tradingview.com/x/dFdhiabb/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 19, 2017, 09:49:07 AM
Looking like the Yen is breaking bottom with Gold, GDX and silver forming up some nice spiking. We'll see what we get. GL.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 19, 2017, 10:49:26 AM

USDJPY looks to be in a down slope trend (dollar weaker relative to yen). There is a double top at 114.2 that will be strong resistance if the chart moves that direction. The ratio double top corresponds to a double bottom supporting the inverse relationship. At this juncture, USDJPY is toying with horizontal support resistance. Intersection of sloping support and resistance lines is early September, coinciding with several PM related charts suggesting there is still a relationship. BB width is very narrow for telling a move soon. MACD and RSI predict the move will be down. This portends a stronger dollar relative to the yen. If that turns out true, the Japanese economy is really in bad shape and it might be with huge public debt and demographic issues with their aging population.

(https://www.tradingview.com/x/Nn4B8jze/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 19, 2017, 11:09:55 AM
The Yen/usd, look at the weekly chart and the stochastic. Then go to the monthly chart and look at it. Downward seems to be the trend.

As I understand it, Abe over there in Japan had the fed bank buy all the national debt and hold it. Its like a setup for bankruptcy at some future date. There's so much confusing data and opinions out there its hard to know what the hell really goes on!
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 19, 2017, 11:50:23 AM
Looking like the Yen is breaking bottom with Gold, GDX and silver forming up some nice spiking. We'll see what we get. GL.
It looks like we were thrown a curve ball this morning with most of the recent leading stocks pulling back. Possible setup for afternoon into tomorrow at this point IMO.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 21, 2017, 12:00:43 AM
Ok, maybe Friday, maybe not  :-\  Back to back convergence. Today could be an eventful day. Something to watch for.
(https://www.tradingview.com/x/76OUbjxp/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 21, 2017, 08:30:48 AM
I think you got your answer Chart_ist . At least for now. Looks to be a good day....
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 22, 2017, 11:33:33 AM
It looks like August or September depending on a retest of the 40 MA or not IMO. If the Yen drops below 109.00 it should get trapped in that channel to September where it is likely to receive a great deal of support.
(https://www.tradingview.com/x/OvxqYuC1/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 24, 2017, 04:34:49 PM
(https://www.tradingview.com/x/9EKcgK4n/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 24, 2017, 04:46:59 PM
(https://www.tradingview.com/x/9EKcgK4n/)
Nice chart. Thank you for that.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 25, 2017, 09:20:20 AM
Silver is certainly acting like it wants to go today with gold and the yen pretty well deadlocked. Could mean a positive day if the follow through comes through silver with gold performance being the laggard. The yen has made a pretty significant push and is hanging in there, but may yield with time. We'll see. GL.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on July 25, 2017, 09:36:09 AM
Silver is certainly acting like it wants to go today with gold and the yen pretty well deadlocked. Could mean a positive day if the follow through comes through silver with gold performance being the laggard. The yen has made a pretty significant push and is hanging in there, but may yield with time. We'll see. GL.

Fed announcement of meeting results could be a catalyst for a move tomorrow.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: edthelorax on July 25, 2017, 09:39:56 AM
(https://www.tradingview.com/x/wWwXzJT8/)
(https://www.tradingview.com/x/k4n4U230/)
(https://www.tradingview.com/x/i0i46AZs/)
(https://www.tradingview.com/x/HuVoQqT2/)
(https://www.tradingview.com/x/t0FkEkHh/)
(https://www.tradingview.com/x/JtZVavNc/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 26, 2017, 06:22:12 PM
(https://www.tradingview.com/x/ETJBpp4A/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 27, 2017, 12:32:20 PM
So much RED today. All I can see is that the Yen is in play and being played. A likely scenario, but can't be guaranteed. Nothing looks all that bad to me at this time. The response to today should be interesting. GL.
(https://www.tradingview.com/x/jCcDgcZU/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 27, 2017, 01:25:40 PM
(https://www.tradingview.com/x/AlTZqHcN/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 27, 2017, 01:33:33 PM
Prophetic at the moment as the Yen dumps.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 28, 2017, 09:43:44 AM
What's with USDJPY today?
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: edthelorax on July 28, 2017, 09:47:42 AM
(https://www.tradingview.com/x/es35KnQO/)
(https://www.tradingview.com/x/tt7TMvY5/)
(https://www.tradingview.com/x/BfYLqPvs/)
(https://www.tradingview.com/x/ABMDA8qO/)
(https://www.tradingview.com/x/DtzzEiL3/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 28, 2017, 10:43:37 AM
The Yen is looking bearish at this time, but flattening out. I'd say a bottom drop is likely. I'm looking to drop below 110.80. Should this be the case then I think it will be a go for Gold and Silver up to September. Hope so.
(https://www.tradingview.com/x/EtFQJLs8/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 28, 2017, 10:45:13 AM
The YEN trade looks to be anemic. There appears to be no action.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: edthelorax on July 28, 2017, 11:12:28 AM
(https://www.tradingview.com/x/SvPX9967/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: ken on July 28, 2017, 11:25:52 AM
It was the website I use that caused the chart to appear to be stagnate.  O:)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: edthelorax on July 30, 2017, 05:53:09 PM
 My guess ATM  is that it comes up and hits the 200DMA (blue) currently at 17.10. Liekly the upper pink. I am bullish for the next 2 weeks, as the following silver breaks out and the crowd stumbles in. I  then see a down month, retesting the 50DMA (red) washing out these ST bandwagon players. Then the real fun begins.
CnP from my TV silver chat.
(https://www.tradingview.com/x/C2GOX8H5/)
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: Chart_ist on July 30, 2017, 11:57:46 PM
My guess ATM  is that it comes up and hits the 200DMA (blue) currently at 17.10. Liekly the upper pink. I am bullish for the next 2 weeks, as the following silver breaks out and the crowd stumbles in. I  then see a down month, retesting the 50DMA (red) washing out these ST bandwagon players. Then the real fun begins.
CnP from my TV silver chat.
(https://www.tradingview.com/x/C2GOX8H5/)
Just looking at your 200 MA, it's looking pretty strong with a nice flattening of the line going into what should be a nice bullish phase. I'm thinking the overall performance could be a little better. We'll see. GL all.
Title: Re: July (XAG, XAU, GDX, GDXJ & USDJPY)
Post by: sandybeachdave on August 03, 2017, 11:18:27 AM
I held my AG but sold my NUGT for small loss
Added CDE at 7.89
Have 2 sizeable trading positions now with AG at 7.19 and CDE at 7.89...with stops about 4% lower
IMO this is a great trade at the moment as you define your loss and these can easily go 25-30% higher with a nice gold move.

For grins and giggles, Monday I started monkeying around with a single NUGT $32.50 put contract that I sold for $96 net of friction. It is fun, and can't get burned to bad, probably not as bad as at the casino.