Category Archives: JDST-25-01

Gold Miners … Something’s Wrong

March 1, 2025 By in GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-25-01, Positions 1 Comment

Gold To New Highs … Miners, Not

Gold continues to new all-time highs while miners post lower highs.

Something’s Wrong

It’s as if each new gold (GLD) high gives the excuse to take profits on GDX, GDXJ, or go short (not advice, not a recommendation).

At this juncture, with gold at (or near) new highs, Junior Miners GDXJ, have attempted to breakout above resistance twice, and so far, have failed.

Junior Miners GDXJ, Weekly

The last update on GDXJ was off by a single day.

The next day, one more new daily high before reversal; short trade JDST-25-01, was closed early in that session (not advice, not a recommendation)

Note the tight price action just above resistance in the ‘2nd Attempt’; evidence of a struggle.

What we’re looking for in the coming week (best case) is to see continued GDXJ, upside to close the distance to the resistance area; thus reduce (but not eliminate) the risk.

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, Where Risk is Least

February 19, 2025 By in Artificial Intelligence, GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-25-01, NVDA, Positions, Semiconductors, SOXS, SOXS-25-07, SOXX 2 Comments

Downside Pressure

When price action’s at The Danger Point®, it doesn’t take much to stop-out a trade.

That’s where GDX, GDXJ, are now (not advice, not a recommendation).

The prior update said to watch what happens during a potential upside retrace.

With GDXJ, so far, that retrace is weak; as of this post (1:30 p.m., EST), now printing lower but still above support.

Junior Miners GDXJ, Daily

For a short position (using JDST), we have a tight stop (not advice, not a recommendation).

The bounce off support discussed in the prior update did not go far before reversing lower … where we are now.

One has to realize we’re back to the pundits screaming ‘hyperinflation’ as was the case over four years ago.

Gold (GLD) may indeed move on to higher prices.

However, for whatever reason, the mining sector continues its multi-year non-confirmation (not advice, not a recommendation).

Positions

Short entry on GDXJ via JDST as trade JDST-25-01, with stop at yesterday’s session low (not advice, not a recommendation).

Separately: The short in the SOXX via SOXS, has been closed.

If price action continues to exhibit buoyancy, if NVDA posts a new daily high (this week), it’s possible, as incredible as it may sound, NVDA may go on to new all-time highs (not advice, to 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