Richard Postma - The Doctor Is In – Thu 3 Oct, 2019

Gold vs The Gold stocks Performance

There have been a lot of comments regarding how the gold stocks are performing during this nice bounce in gold. So today I will spend a few more segments discussing what we should be keeping our eye on.

Doc kicks us off with his thoughts on the recent performance of gold compared to the gold stocks.

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Comments:
  1. On October 3, 2019 at 8:49 am,
    OOTB Jerry says:

    HEY BIG OWL>>>>>>>>>>>>>THIS IS A QUOTE FOR YOU>>>>>>>>>>>>

    “No one is educated who knows only one side of an argument.”

    JOHN STUART MILL

  2. On October 3, 2019 at 8:50 am,
    OOTB Jerry says:

    You can take that about any way you want, ….but, it is what you have been saying …but, 🙂

  3. On October 3, 2019 at 9:03 am,
    Matthew says:

    There’s more to strength than just price action and the miners showed plenty of it during the last several months. In fact, GDX hit a monthly RSI(14) reading of 70 for the first time ever last month which is significantly higher than the reading it achieved in 2016.

    The current action has been healthier than the big mean-reversion spike of 2016 and we clearly have had an important breakout even though there are more important ones to come.
    https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=8&mn=11&dy=0&id=p21412349843&a=691390774

  4. On October 3, 2019 at 9:19 am,
    Charles says:

    A day after we conversed on NSRPF, it is looking good today. Will it make a higher high? Time will tell, but so far it is looking good.

  5. On October 3, 2019 at 9:39 am,
    OOTB Jerry says:

    DEBT CLOCK says…………..GOLD is $6974……………..

  6. On October 3, 2019 at 9:42 am,
    Paul says:

    Doc do you believe that we need a gold correction and test 1400-1425 area in order to have a so called wash out since gold went up so fast in a couple months in order to set stage for a substantial move higher in 2020. Also do you think gdx will test that 24/25 area before thanksgiving and that could be last time we see gdx at that level for a long time, creating last good buying opportunity? Thanks

    • On October 3, 2019 at 12:58 pm,
      RICHARD/DOC says:

      Paul, I feel the odds are that gold tests the 1460 area again—at that point in time it’ll be easier for me to tell if technically we move to challenge the 1400 level. I also feel the odds are very good that we get down to the 24-25 area on GDX. Yes, I think that area is very feasible before Thanksgiving. I also feel that regardless of the low in GDX in the next few weeks, we probably in all likelihood may not see that low again for years—-unless we’re establishing a higher trading range for GDX over the first half of 2020 which is a distinct possibility.

  7. On October 3, 2019 at 9:57 am,
    Tom says:

    Pot stocks ready to bounce. long MJ

  8. On October 4, 2019 at 5:13 am,
    Excelsior says:

    New (TV) (TREVF) Trevali Mining CEO vows to optimize operations amid weak zinc prices

    Ricus Grimbeek, the new CEO of Trevali Mining, discusses plans to turn the stock performance around.

    BNN – Oct 3rd, 2019 #VIDEO

    https://www.bnnbloomberg.ca/video/new-trevali-mining-ceo-vows-to-optimize-operations-amid-weak-zinc-prices~1795749