Gold … Correction Coming

September 19, 2025 By in Gold & Silver, Gold Miners, GDX, GDXJ, JDST, GLD, DUST, Positions, JDST-25-14 3 Comments

Measured Move

We’re there now.

The chart below, shows a (potential terminating) wedge with measured move.

Tracking fund GLD, has met the wedge target.

As always with the markets, anything can happen.

Gold GLD, Weekly

If gold (GLD) does correct, even just a little, it’s likely to hit the miners, GDX, GDXJ as well (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

3 responses

  1. Pingback: Early Session: Biotech « The Danger Point®

  2. Per Lance, The S&P 500 itself is 11% above its long-term mean. Gold is 14% above its long-term mean, technology is 18% above its long-term means and gold miners are 43% above their long-term means.

    Liked by 1 person

    • Thank you,

      I appreciate your added detail.

      It’s easy to get sucked into the mania that seems to be overtaking nearly everyone. Like one of the previous posts said, it’s ‘psychotic’.

      Back in the day, during the dot-com run up in 2000, you had ‘old-timers’ quitting their fund management jobs (after 30 or 40 years) because nothing made sense anymore.

      This time around, we have another old-timer, Bert Dohmen, essentially saying the same.

      One thing to pay special attention to (in my opinion) is his statement that precious metals miners run the risk of being confiscated by governments during a massive market melt-down. The government (wherever it is in the world) takes over the mining operation. What happens to the shareholders is anyone’s guess.

      Coming from another direction, is Ed Dowd’s comment that during a margin call, you sell what you can, not what you want. In his view, that selling is precious metals. The things that are liquid.

      Either way, no one can tell when the break will come.

      However, one of the goals of this site is to step away from the herd, use the Wyckoff method to identify weak markets and then trade the downside on either medium or long term (weeks to months) and already in position (or at least not surprised) when it all unravels.

      Once again, thanks for the input,

      Regards,

      Paul

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