Category Archives: GDXJ

Miners, pre-market, Target

November 10, 2025 By in ABD-25-15, Banking, Biotech, GDX, GDXJ, Gold & Silver, Gold Miners, LABD, LABD-25-15, Up-Thrust, XBI, XLF

Inflation Higher, Deflation Lower

As of 7:55 a.m., EST, Senior Miners GDX are trading in the area of the dashed magenta line.

The prior two updates (here and here) targeted this area as a potential location for retrace and reversal (not advice, not a recommendation).

Toggling between the two charts, shows price action is actually in the middle of the (prior) target areas.

Other Markets the Same

Several other markets are in the same (retrace, up-thrust) position; specifically, XLF and XBI.

We’ll cover those in another update, if price action warrants.

Stay Tuned

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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

Miners: ‘Retrace’ Update

November 5, 2025 By in Deflation, Ed Dowd, GDX, GDXJ, Gold & Silver, Gold Miners, UUP 1 Comment

Bounce

The chart insert at left, shows Senior Miners, GDX, have bounced off support (blue line), making another attempt at a retrace.

The lower magenta dashed line is 38.2%, with the 50% level, as the upper line.

If this retrace attempt fails by posting successive lows below ‘support’, it indicates we may already be in the ‘deflationary scare’ as discussed by Ed Dowd many times in his interviews (not advice, not a recommendation).

Note the dollar (UUP proxy) is currently in a rally.

Stay Tuned

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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

Miners Struggle to Move Higher

November 4, 2025 By in Elliott Wave, GDX, GDXJ, Gold & Silver, Gold Miners, Wyckoff 1 Comment

Not Happening

Based on price action itself, the miners are refusing to retrace higher.

The last update suggested a retrace to the usual location(s), at least the 38.2% level, the vicinity of ‘wave iv’.

So far, not even that is happening.

Senior Miners, GDX, Daily

Pre-market trading in GDX (as of 8:24 a.m., EST) is lower.

At this point, from the chart above, we can see the index struggling to move higher.

Elliott Wave or not (from previous post), Wyckoff method says the market itself defines the next likely move.

It’s possible we’re not at the bottom of the current down leg; that we’ll post lower before making a serious retrace attempt (not advice, not a recommendation).

Stay Tuned

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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

Gold Struggles to Close Gap

October 31, 2025 By in GDX, GDXJ, GLD, Gold & Silver, Gold Miners, Larry Williams

Inching Higher … Almost There

The ‘Commercials’ have left the party.

During this recent interview, long-time trader Larry Williams, says the ‘Commercials’, i.e., those who know their business, have left the party (time stamp: 17:30).

The chart itself, showed record breaking thrust higher followed by a swift down-move.

This week started with GLD, posting a gap lower.

At this point, it’s (still) trying its best to close that gap.

Gold GLD, Weekly

The Fibonacci levels remain on the chart.

Note the 50%, ‘correction’ level, from the last update.

If last week’s high really was a significant reversal, it’s a long way down to 50%.

The fact GLD is struggling to close the gap, provides some confirmation the miners are in the same boat; possibly worse (not advice, not a recommendation).

Stay Tuned

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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

Gold Miners & Elliott Wave

October 30, 2025 By in Elliott Wave, GDX, GDXJ, Gold & Silver, Gold Miners, Prechter, Retail Investor, ZeroHedge 5 Comments

Works Best Under Stress

Elliott Wave and Fibonacci are joined at the hip.

They work best when markets are emotional or under stress.

Historic moves like that of gold and silver, are such times (not advice, not a recommendation).

We’ve already seen Fibonacci count(s) operating in the financial sector here and here.

So, let’s look at the miners and see what’s happening.

Senior Miners GDX, Daily Close

Five waves down; the direction of main trend has changed from up, to down (not advice, not a recommendation).

Recall, as long as the wave structure stays ‘in-effect’, the target area for the counter-trend retrace is:

‘The previous 4th-wave of lesser degree’, link here (click on ‘Corrective Waves’ and scroll to ‘Depth of Corrective Waves’).

That area is indicated by the magenta oval.

While the potential corrective wave grinds higher, ‘retail’ moves in to buy the dip, link here.

Stay Tuned

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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

The Morning After

October 20, 2025 By in Banking, GDXJ, Gold & Silver, Gold Miners, JDST, KRE, Positions, SLV, UBER, UBER-25-04, XLF, XLF-25-08 2 Comments

Sort Of

It’s not really the morning after but being the day after Friday’s action, we’ll call it even.

Two shorts closed and three opened.

Both the XLF, and UBER, shorts were closed; one with profit, one not. Then, three more opened (not advice, not a recommendation).

As stated in the comments on this previous post, it’s possible the banking index KRE, is not going to make it to Fibonacci Day 34, this Wednesday.

Time counts are always secondary to price action.

Next up, is the silver market.

It’s a no-brainer that something’s ready to break. The press and YouTubers, et al., would have you believe that were finally ‘putting it to the man’. The ‘paper manipulation’ is over, so it goes.

Mabe that’s right this time around.

However, I’ll stick with the market-makers that have been in control since the buttonwood tree. 🙂

More updates to come with charts and positions.

Stay Tuned

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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

Top of The Dow

October 10, 2025 By in DIA, Dow 30, GDX, GDXJ, Gold & Silver, Gold Miners, SLV, Up-Thrust, Wyckoff 2 Comments

Where The Risk is Least

The ‘risk’ on a short position in the Dow (DIA), is yesterday’s high (not advice, not a recommendation).

It’s very early in the pre-market (7:48 a.m., EST), DIA is trading slightly higher (at 464.34), but anything can happen between now and the open.

Massive Margin Call

The Trillion Dollar margin call has to come from somewhere; maybe yesterday’s action in the metals and miners is going to force everyone’s hand.

Silver spiked, outside-down, on heavy volume.

With that said, on to the chart.

Dow 30 DIA, Daily

From a Wyckoff analysis standpoint, it’s all there; a push through resistance to all-time highs, a struggle, then new daily low and now today, a possible upside test.

The chart also shows an apparent volume climax, a typical ‘last gasp’ market action.

Stay Tuned

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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

Gold … Correction Coming

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

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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

Biotech … The Big One?

September 10, 2025 By in $SPSIBI, Biotech, GDX, GDXJ, Gold & Silver, Gold Miners, Greg Hunter, HOOD, IBB, Karen Kingston, LABD, LABD-25-10, Nasdaq, ORCL, Positions, QQQ, S&P, S&P 500, SPBIO, Speck-Effect, SPY, The Speck, XBI 3 Comments

Next Leg Lower

Unfortunately, the (mad scientist) graphic at left, is not too far removed from what’s really going on in biotech.

While the S&P, Nasdaq Qs, Gold Miners, Semiconductors, Financials, The HOOD, ORCL, and others, continue to make all-time highs, conspicuously absent is biotech, XBI and IBB.

Now, it appears that quietly, in the background, XBI is reversing to the downside.

Biotech XBI, Daily Close

The up-thrust is there, but is a weak penetration of resistance.

Even so, on the ‘test’, volume contracted by -49.24%, when compared to volume on the upside penetration.

Until proven otherwise, this set-up appears to (currently) be the best short opportunity.

With that said, all other short positions have been closed to focus on biotech.

Leveraged inverse fund LABD is being used at this juncture: Trade LABD-25-10, with stop at the session low (not advice, not a reocmmendiaton).

Stay Tuned

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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

Junior Miners … Wedge

September 2, 2025 By in GDXJ, Gold & Silver, Gold Miners, JDST, JDST-25-13, Positions

Throw-Over?

When looking at the chart of Junior Miners, GDXJ, it’s possible we could be in the midst of a massive terminating wedge ‘throw-over’ (not advice, not a recommendation).

We’re about an hour before the close; GDXJ, price action is beginning to retreat off its session highs.

Junior Miners, GDXJ, Weekly

Upward thrust (Force) is dissipating.

If action enters back into the wedge pattern, it’s typically viewed as a sell, or sell short signal (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