Category: Precious Metals

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 […]

Bull market for the gold and silver miners ETFs (GDX & SIL) confirmed on 9/24/24

posted on: September 27, 2024

Chinese Stimulus Sparks Melt-Up in Gold, Silver, and Mining ETFs. Overview: The markets were sniffing the Chinese stimulus days before it was official. All assets are in a melt-up mode; GDX led the parade, and finally, SIL caught up. The bull market in precious metals has been confirmed. Once again, the principle of confirmation saved […]

Precious Metals Bull Market Confirmed on 9/24/24: Gold and Silver Miners Soar

posted on: September 27, 2024

Chinese Stimulus Sparks Melt-Up in Gold, Silver, and Mining ETFs. Overview: The markets were sniffing the Chinese stimulus days before it was official. All assets are in a melt-up mode; gold led the parade, and finally, silver caught up. The bull market in precious metals has been confirmed. Once again, the principle of confirmation saved […]

Not so bullish now: Setup for a potential bear market signal for GDX and SIL completed

posted on: August 31, 2024

The primary trend remains bullish until proven otherwise Overview: GDX and Sil underwent a secondary reaction against the primary bull market. The recent price action resulted in a setup for a potential bear market signal being completed. Please mind the word “potential”, which implies that the primary bull market remains in force. GDX broke up […]

Gold and Silver ETF miners (GDX & SIL) soar: Primary bull market re-confirmed on 7/16/2024

posted on: July 16, 2024

Gold and Silver are also in a bull market Overview: GDX and Sil underwent a secondary reaction against the primary bull market. Confirmed higher highs by both ETFs have reconfirmed the primary bull market. Gold and Silver are in a bull market of their own, as I explained HERE. I see most assets going to […]

SLV and GLD: Evaluating the Secondary Reaction and the Setup for a Potential Primary Bear Market

posted on: June 20, 2024

The primary trend remains bullish Overview: SLV and GLD (silver and gold) are in a secondary reaction, and on 6/20/24, the setup for a potential primary bear market has been completed. The gold and silver miners ETFs (GDX and SIL) are also in a secondary reaction, but no setup for a potential primary bear market […]

Gold and Silver Surge: Dow Theory Confirms Bullish Primary Trend on 5/17/24.

posted on: May 18, 2024

Overview: Higher confirmed highs by SLV and GLD (silver and gold) have reaffirmed the primary bull market. The secondary reaction is over. The most recent pullback in the gold and silver miners’ ETFs (GDX and SIL) was so modest that it did not qualify as a secondary reaction. So, a bull in full gear. General […]

Melt up: gold and silver soar, triggering a new Dow Theory bull market signal on 4/2/24

posted on: April 3, 2024

SIL and GDX are also in a Bull market since 4/3/24 Overview: On 4/3/24, SLV finally surpassed its 12/1/23 closing high at 23.33 and confirmed GLD, which had breached its 12/27/23 highs on 3/1/24. So, now, according to the Dow Theory, a primary bull market in gold and silver has been signaled. Today, 4/3/24, SIL […]

Unveiling the current trend: Primary bear market for gold and silver miners ETFs signaled on 2/28/24

posted on: March 4, 2024

Bitcoin soars, gold rallies, but silver and gold and silver miners refuse to confirm Overview: Despite the rally that gold has experienced in the last few days that brought gold to higher highs, the primary trend remains bearish because silver has refused to confirm. If/when SLV surpasses its 12/1/23 high, the primary trend would shift […]