Category: Precious Metals

Gold and Silver miners ETFs Turn Bearish on 6/9/2026

posted on: June 10, 2026

Overview: In my June 1st Letter to subscribers, I noted that the two-year Treasury yield was breaking higher and that this would likely exert a negative influence on liquidity. One of the main casualties appears to have been the gold and silver miners. On 6/9/26, a new bear market was signaled in both GDX and […]

After a Long Ride, Gold and Silver Turn Bearish on 6/9/2026

posted on: June 9, 2026

Overview: In my June 1st Letter to subscribers, I noted that the two-year Treasury yield was breaking higher and that this would likely exert a negative influence on liquidity. One of the main casualties appears to have been gold and silver. Today, 6/9/26, a new bear market was signaled in both metals. Gold and silver […]

Warning: Setup for potential primary bear market signal for Gold and Silver completed on 3/31/26

posted on: April 7, 2026

Key price levels to watch are revealed in this post Overview: GLD and SLV underwent a secondary reaction against the primary bull market. The recent price action completed the setup for a potential bear market signal on 3/31/26. Please mind the word “potential”, which implies that the primary bull market remains in force. General Remarks: […]

Critical Juncture for Gold and Silver miners: Bear Market Signal One Step Away

posted on: March 27, 2026

In the meantime, the primary trend is still bullish, but it could change soon Overview: GDX and SIL underwent a secondary reaction against the primary bull market. The recent price action completed the setup for a potential bear market signal on 3/25/26. Please mind the word “potential”, which implies that the primary bull market remains […]

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 […]