The Low Volume Bear Raid In Gold

April 16, 2019

David Erfle, Founder and Editor of The Junior Miner Junky shares his thoughts on the selloff in gold and gold stocks today. After failing to breakout again the move down has taken out some short term resistance. David also outlines when typically it is the best time to have cash to be buying the metals stocks.

Click here to visit David’s site and find out what companies he is investing in.

    Apr 16, 2019 16:24 PM

    SLV:GLD at resistance but looking good:

      Apr 16, 2019 16:03 PM

      The chart value is in the fundemental knowledge that in theory silver outperforms gold prior to meaningful gold moves?…Is that why you constuct this chart Mathew??

        Apr 16, 2019 16:45 PM

        Yes, if silver can move up in a sustained way versus gold, it’s generally a good sign for the whole sector. Powerful bull markets in the miners don’t happen with silver falling vs gold. It’s also meaningful when silver outperforms when the metals have dropped and fear is high.

          Apr 17, 2019 17:24 AM

          Right Matthew…..Nice chart no doubt…I would use it as a coincident indicator and not for timing…for timing I use RSI divergences at the completion of patterns , basically…Of course i wait for horizontal support objectives to show reversal candle

            Apr 17, 2019 17:03 AM

            I agree, it’s not much use for timing unless you’re looking to short one metal and buy the other.

    Apr 16, 2019 16:10 PM

    Been making bank this month swing trading scout positions on JDST and JNUG. Got options on JNUG for Thursday.

      Apr 17, 2019 17:22 AM

      There certainly is more down slopes in the metals than upswings. Then again, this has been the case for several years now. With the “Sell in May, go away” sentiment approaching, along with the traditional US summer doldrums, it begs the question: How much damage can this bear continue to inflict on the PMs? Ohh it is getting tiresome. The bunker is getting crowded…