Category: Precious Metals

Bull market for the gold and silver miners ETFs (GDX & SIL) confirmed on 12/11/25

posted on: December 13, 2025

The melt up for precious metals continues Overview: What was just a secondary reaction against the bullish trend turned out to be nothing, as higher confirmed highs by SIL and GDX have reaffirmed the primary bull market. The trend in gold and silver is so powerful that their pullbacks didn’t even count as secondary reactions. […]

Gold and Silver Miners ETF at a critical juncture: Setup for a potential Bear market signal completed on 11/10/25

posted on: November 12, 2025

Overview: The gold and silver miners ETF reached a make-or-break moment on 11/10/25. The setup for a potential bear market is complete, and the line in the sand has been drawn. Please mind the word “potential”. Only if the two read lines I show in the chart below are jointly pierced, the trend will shift […]

The Principle of Confirmation Can Save Your Skin (IV) / Example 4: Two Silver Breakdowns That Turned into Bear Traps

posted on: October 25, 2025

Applying the Confirmation Principle to precious metals In three earlier analyses (HERE, HERE, and HERE), I showed how the Principle of Confirmation works across U.S. stock indexes, bonds, and crypto. In each case, the principle proved invaluable in filtering out false moves. The idea is simple but powerful: a breakout or breakdown that is not […]

Bull market for the gold and silver miners ETFs (GDX & SIL) signaled on 6/2/25

posted on: June 10, 2025

Overview: The precious metals landscape has turned very bullish. Gold, silver, platinum, and even base metals like copper are trending strongly upward. GDX and SIL are no exception to this new trend. General Remarks: In this post, I provide an in-depth explanation of the rationale behind employing two alternative definitions to evaluate secondary reactions. SIL […]

Gold and Silver in Sync: The Bull Marches On

posted on: June 9, 2025

Silver Seals the Deal: Bull Market Reconfirmed Overview: On 6/5/25, silver broke above its 10/22/24 highs. It confirmed gold’s previous breakup on 1/30/25. Accordingly, the primary bull market has been confirmed. By the way, the recent price action of SLV and GLD offers a powerful reminder of how the principle of confirmation can protect you […]

Dow Theory signal: Bear Market for Gold and Silver Miners triggered on 5/14/25

posted on: May 15, 2025

Overview: The easing of geopolitical tensions, a preliminary truce in the tariff wars, and some forced liquidations have pushed GDX and SIL into a new bear market. In contrast, gold and silver have remained more resilient and continue to trade within a primary bull market. General Remarks: In this post, I extensively elaborate on the […]

Bull market for the gold and silver miners ETFs (GDX & SIL) signaled on 3/13/25

posted on: March 14, 2025

Overview: While most stocks are amid a severe correction, the gold and silver miners’ ETFs have shown remarkable strength, which, in my opinion, is proof that precious metals are poised for a big and sustainable run-up. The trend for gold and silver is also bullish. General Remarks: In this post, I extensively elaborate on the […]

Assessing the Bullish Setup for GDX and SIL in a Bearish Stock Environment

posted on: March 7, 2025

The setup for a potential primary bull market in SIL and GDX was completed on 2/27/25 Overview: Despite declining stock prices, gold and silver miners’ ETFs (GDX and SIL) demonstrate resilience and completed on 2/27/25 the setup for a potential primary bull market signal. As of this writing, neither GDX nor SIL haven broken up […]

Secondary reaction for the gold and silver miners ETFs signaled on January 30, 2025

posted on: January 31, 2025

The primary trend remains bearish Overview: All markets are sensing that a new wave of liquidity will be released. Gold, stocks, bonds, and crypto are edging higher. The gold and silver miners’ ETFs, mired in a bear market, have experienced a rally. However, this rally is not enough to change the trend from bearish to […]

Dow Theory signal: Bear Market for Gold and Silver Miners triggered on 12/18/24

posted on: December 20, 2024

Analyzing the Impact of Powell’s Hawkish Stance on GDX and SIL Overview: All markets, gold and silver miners included, reacted negatively to Powell’s more hawkish stance, as investors had anticipated more substantial and frequent rate cuts. The big drop GDX and SIL experienced on 12/18/24 triggered a primary bear market signal. The precious metals themselves, […]

Gold and Silver at a Crossroads: Bull Continuation or Bear Market Ahead?

posted on: November 20, 2024

Breaking Down Gold and Silver: A Critical Moment Overview: In a similar fashion to the gold and Silver miner’s ETFs, gold and silver reached a make-or-break moment on 20/19/24. The setup for a potential bear market has been completed, and the line on the sand has been drawn. In this post, we examine the key […]

Precious Metals Miners at a Crossroads: Bull Continuation or Bear Market Ahead?

posted on: November 19, 2024

Breaking Down the Gold and Silver Miners ETF: A Critical Moment Overview: The gold and silver miners ETF reached a make-or-break moment on 11/19/24. The setup for a potential bear market has been completed, and the line on the sand has been drawn. While gold and silver themselves have not yet completed the setup for […]