Category Archives: Gold Miners

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

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

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

Sunday Night Futures

July 20, 2025 By in AEM, CRWD, GDX, Gold & Silver, Gold Miners, NEM, Richie Naso

The Agnico ‘Wedge’

Similar to yesterday’s update, showing a wedge pattern for CRWD, we have another (long term) wedge pattern in Agnico Eagle Mines (AEM).

Focusing on ‘strategy’, when market patterns show up, especially in the longer timeframes, we’ll take notice.

Before getting to the chart, here’s a compilation of Richie Naso quotes and insights that have been reviewed over the past week. It’s always good to hear thoughts from a renowned trader.

Richie Naso Quotes

Marathon, link here.

Algorithms ‘Technical Area’, link here.

Short sellers, more highly skilled, link here.

It’s ‘art’, not science, link here.

Agnico Eagle Mines AEM, Monthly

Taking eighteen years to form a wedge, suggests that whatever happens to AEM, is likely to happen in a big way (not advice, not a recommendation).

Agnico’s weighted as No. 2, (just barely) in Senior Miners Index (ETF) GDX; No. 1 spot, going to Newmont, NEM.

Newmont is scheduled to release earnings this coming Thursday, after-hours.

Unlike, Agnico, Newmont’s is well off its all-time highs, already posted an up-thrust, now coming back to test.

It could get interesting on Thursday.

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

SOXX, (false) Breakout?

July 3, 2025 By in Artificial Intelligence, David Weis, DUST, DUST-25-05, GDX, Gold & Silver, Gold Miners, NVDA, Positions, Semiconductors, SOXX, SOXX-25-01, Spring-to-Up-Thrust, Up-Thrust 2 Comments

Edge-of-the-Lake

At the end of the session, yesterday, a short was opened in the SOXX, as trade, SOXX-25-01 (not advice, not a recommendation).

We’ll see below, price action finally penetrated long-standing resistance around 240 – 243, and then (so far), has stopped dead.

In the overnight session, SOXX churned higher to post 243.63, and is hovering around that level, in the pre-market.

There’s no doubt we’re at ‘the edge of the lake’, as David Weis, used to say.

Semiconductor SOXX, Daily Close

It’s important to note, big cap Nvidia, is in Spring-to-Up-Thrust condition (chart not shown), with it posting new all-time-highs.

If NVDA confirms an up-thrust and heads lower, it’s likely to take the rest of the (SOXX) market down as well.

Market Positions

Positioned short the SOXX, with a stop yet to be determined; somewhere around the overnight high of 243.63 (not advice, not a recommendation).

Separately, stop on GDX short, DUST-25-05 is being moved up to the vicinity of yesterday’s low, 23.98 (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

Miners & CrowdStrike

July 2, 2025 By in CRWD, DUST, DUST-25-05, GDX, GLD, Gold & Silver, Gold Miners, Positions

A Tale of Two ‘Set-Ups’

When looking at the price action of Senior Miners, GDX, you get the sense, ‘it had to be this way’.

That is, the only way to get up enough energy to close the gap shown below, was to have two successive (lower) ‘spring’ attempts.

Senior Miners, GDX, Daily

Yesterday’s action closed the gap.

What comes next is unknown, but we do have a ‘line in the sand’; that is, if miners (and gold) are to continue on a potential ‘hyperinflation breakout’, then, GDX must post a new daily high above yesterday’s 53.04, at some point.

Either way, Hard Stop of DUST-25-05, at 23.69 (not advice, not a recommendation).

Now, on to CrowdStrike.

CrowdStrike, CRWD, Daily

Yesterday’s action was ‘outside-down’.

We’re right at resistance, that will become support if CRWD, is able to rally from here.

If not, and CRWD posts (consistently) below resistance, then we’re at the top edge of a rising wedge pattern that’s been forming since July, of last year.

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

Newmont’s Breakout Fails

June 25, 2025 By in DUST, DUST-25-04, GDX, GLD, GOLD, Gold Miners, NEM, Positions, Up-Thrust

Long Awaited

Yesterday, Newmont was hanging on, trying to post higher after its failed breakout.

Today, could be the day where it continues down (not advice, not a recommendation).

With about thirty minutes before the open, NEM is trading slightly lower.

Newmont Mining, NEM, Daily

There’s a lot going on in this chart.

Note how the ‘wide high-volume bar’, has been tested. It took eight months to do it, but it happened.

Gold (GLD) is still near all-time highs, yet Newmont, is far below its all-time high; about -33%, (from April 2022).

Currently short this sector via DUST, as DUST-25-04, with stop at or near yesterday’s DUST low of 24.69 (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

Are Bulls Leaving GDX?

June 11, 2025 By in GDX, GDXJ-25-01, Gold & Silver, Gold Miners, Positions

Volume Retreats

The chart of Senior Miners, GDX, at left, shows successive declines in print high, close high, and volume on net up days.

This is a subtle indication, the bulls may be backing off to see what happens next.

After all, it’s been non-stop cheerleading by the press:

Ditch the SPX – Precious Metals Are the Real Deal, link here.

Silver Is Finally Soaring: Here’s Why, link here.

Metallic Mayhem: Platinum Pops, Silver Squeezes, Gold Brews, link here.

On the other side, inflation seems to be slowing, absent, or even (gasp) declining.

What’s going to happen if/when there’s a ‘deflation’ scare?

Fearmongering Pundits Disappointed AGAIN As Consumer Prices Refuse To Surge On Trump Tariffs, link here.

Positioning

Currently short GDX, with a tight stop near yesterday’s high @ 52.61 (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

Silver … Breakout or Not?

June 7, 2025 By in DUST, DUST-25-02, GDX, GLD, Gold & Silver, Gold Miners, Positions, SLV 1 Comment

We’re at The Target

So, which is it?

Door No. 1

Silver’s in the long (decades long) awaited breakout to hyperinflationary heaven, or …

Door No. 2

Silver has met its Fibonacci target, ready for reversal, sideways action, or …

Door No. 3

None of the above.

Then, what about the Miners?

It looks like they (GDX) have already decided.

No sooner had Friday’s update been released, they appear to have reversed (not advice, not a recommendation).

Obviously, there’s a lot going on in the markets and it’s happening fast. We’ve already been told what’s (likely to be) coming.

Back to silver, SLV.

Silver SLV, Weekly

The chart shows what looks to be a corrective a-b-c (against the trend) move that’s lasted several years.

Note the ‘alternation’ of the moves.

Wave ‘a’ was dynamic, straight up. Next wave higher, wave ‘c’, is choppy and overlapping.

Moving in closer, we have the following.

The chart itself, says we’re back to the volume ‘spikes’ that typically occur (for SLV) at, or near, the end of a move (not advice, not a recommendation).

To add intrigue, note the massive downward thrust of Force Index during the ‘Tariff’ uproar.

Is this another hint of (pending) reversal?

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

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

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

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