Tweet By Mobile Guru Nevada has long played a historic role in American gold mining. Gold mining in Nevada is a major industry, and one of the largest sources of gold in the world. Nevada currently mines 79% of all the gold in the United States, which is equivalent to 5,640,000 troy ounces (175 t) […]

Tweet By Tim Melvin The best performing stocks in the S&P 500 in the past year have been Netflix, Micron Technology, Best Buy, Delta Airlines and Constellation Brands. The interesting thing about these stocks is that as investors came into the year, they were not on anyone’s list of top performers or even likely winners. […]

Tweet …as long as you’ve tested it enough. Well it took far longer than I wanted, however the miners are breaking down from a symmetrical triangle pattern.  They hung out in the resistance zone for a couple of weeks, but the sheer magnitude of selling on the general markets and the commodity gold are dragging […]

21
Apr
stored in: Sector review and tagged: , , ,

Tweet My indicators are pointing to short term weakness in this ETF. A break in the 200 ma last week while this moving average is declining is very bearish. When you add in the price/volume action here, I think you have good risk/reward to the downside. You can play this via GDX, or individual miner […]