Category Archives: GDXJ

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

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

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

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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 … In The ‘Pattern’

August 11, 2025 By in DUST, GDX, GDXJ, Gold & Silver, Gold Miners, GXZ25, Inflation, JDST, Spring-to-Up-Thrust, Wyckoff

Was That, The Top?

Inflation reports are released tomorrow, link here.

That release may be an inflection point for the miners.

This past Friday, GCZ25, posted an all-time high, then reversal; in the early session today, it’s continuing lower.

From a Wyckoff standpoint, what’s in the inflation reports is immaterial. The real question is, ‘what’s the market saying about itself?’

Junior Miners, GDXJ, Daily

Repeating pattern, Spring-to-Up-Thrust.

Pre-market action (8:34 a.m., EST) shows a lower open.

If we open lower, the short entry objective, is to wait for action to move higher in an attempt to close the (potential) gap (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

Nvidia’s … Timed Top

July 4, 2025 By in GDXJ, NVDA, Positions, Semiconductors, SOXX, SOXX-25-01 2 Comments

Fibonacci, still In-Effect?

Insight on Nvidia’s adherence to Fibonacci, began over a year ago, with this post.

That update, identified the (interim) reversal correctly.

Since then, price action continued and has now, this (shortened) week, posted another potential correlation.

Nvidia NVDA, Weekly

The week closed with a high, 55-weeks from the ‘Week 89’ high, making a total of Fibonacci 144 (-1) weeks, from the October 2022, lows.

One might ask, can it be this precise?

To answer that question, we’ll go back to this analysis.

The next (trading) day, Junior Miners GDXJ, printed a new daily high (55-Days), then reversed lower for 24-weeks, a total decline over 50%.

So, it turns out, it can be that precise if market conditions are in favor, and nobody’s looking (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

Silver Breakout?

June 3, 2025 By in GDX, GDXJ, Gold & Silver, Gold Miners, JDST, JDST-25-12, Positions, SLV, ZeroHedge

Gold & Silver Miners (shorts) Capitulate?

Did the shorts just run for the exits?

Yesterday’s hysteria created yet another potential (sustainable) silver breakout, maybe.

Silver Surges: Breaking out of Triangle Pattern to New Highs in 2025, link here.

Producing another rush by the herd, attempting to trade what’s already happened.

The Silver Squeeze Awakens: Options Market Screams for More, link here.

The last update said ‘today could be the day’ … the day we get a downside reversal in the miners.

Instead, we have potential JDST short-side capitulation; with inference of GDXJ, downside (not advice, not a recommendation).

Junior Miners 2X Leveraged Inverse Fund JDST, Daily

Today is an important day.

Will we get follow-through on GDXJ (up) and JDST (down), or will the hysteria fade?

If this really is a silver squeeze, one would expect the market (SLV) to scream ever-higher (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

Miners Gap Higher (pre-market)

June 2, 2025 By in BA, BA-25-04, DUST, GDX, GDXJ, Gold & Silver, Gold Miners, JDST, JDST-25-12, Positions, Spring-to-Up-Thrust 1 Comment

Is Today, The Day?

Gold miners, higher in the pre-market (as of 8:31 a.m., EST).

Looking at Senior Miners GDX, we’re at the edge of the lake.

This is where a trend continues (higher in this case) or it’s exhausted and will post sideways or reverse.

Senior Miners GDX, Daily

Important note: Today is Fibonacci Day 13, from the ‘spring’ lows to ‘up-thrust’ high(s)

Since this site’s already short (JDST-25-12), we’ll be watching the morning action closely 🙂

Other Markets

The expectation for Boeing, BA, was to begin its reversal after the ‘test’ last Friday.

In the pre-market, that’s not happening. It has not posted a new daily high (above last Thursday’s high), but it’s not going lower either.

BA-25-04, exited with -0.67% loss (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

Gold Miners at 12-Year Highs!

May 31, 2025 By in GDX, GDXJ, Gold & Silver, Gold Miners, JDST, JDST-25-12, Positions, Spring-to-Up-Thrust

‘Retail’ Says … I’m All In !

When you can buy gold bars at Costco, you know the top is, … or is nearly, … in (not advice, not a recommendation).

As a corollary, why wasn’t Costco selling gold back in 2001, when it was $271/oz.? Now, it’s all the rage.

With that, we’ll look at the miners; Juniors, GDXJ.

Junior Miners, GDXJ, Daily Close

Where have we seen this (price action) before?

Shown in the sidebar, already short via JDST, as JDST-25-12 (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

Miners, Call It Quits

May 2, 2025 By in GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-25-10, Positions, SILJ, SLV

For Now, At Least

All three index ETFs, GDX, GDXJ, and SILJ, posting lower, with the silver miners down the most.

The lower action couples with lower silver (SLV) and nearly lower gold (GLD).

For Junior Miners GDXJ, as of this post (12:28 p.m., EST), it’s showing ‘outside down’.

Junior Miners GDXJ, Daily

It’s important to note, yesterday’s update said there would (likely) be an attempt to move higher.

That’s what happened; then, price action reversed.

The chart shows how short position, JDST-25-10, is being managed. Lowering the stop (higher for JDST) in the direction of the trade (not advice, not a recommendation).

Note, work has already been done on potential, significant reversal for gold and on-going, languishing of silver: Links here, here, here, here and here (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

Gold Down … China Sells

May 1, 2025 By in China, GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-25-10, Positions, SILJ, Wyckoff, ZeroHedge 1 Comment

You Can’t Make This Stuff Up

Wasn’t gold (GLD) going to launch ever higher in some kind of dollar-destruction, de-dollarization, worldwide meltdown?

Well, it might happen (eventually), but not today.

With today’s GLD, gap-down reversal (dollar higher), the press is gasping, groping for direction as the Chinese of all people are selling in huge amounts, links here and here.

Weren’t they just recently buying in massive quantities?

Behind all the hype and hyperbole, the potential for (a gold) reversal was identified ahead of time, links here and here.

With that said, let’s review how this site positioned itself for today’s excitement.

Junior Miners GDXJ, Daily

The current short position, JDST-25-10, was opened April 25th, then doubled on the 28th (not advice, not a recommendation).

We’ve penetrated support.

Technically speaking, that puts GDXJ, in Wyckoff ‘spring’ position. An attempt to move higher from here, is ‘normal’ market behavior (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