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  1. After Fed, GDX Remains in Descending Channel

    Been busy lately with testing/improving the Algo; otherwise, I would've posted sooner.

    Even with the big drop on Fed Wednesday, GDX remains within an orderly price channel; and has bounced off support. That said, the trend is still down:
    [IMG]http://imagizer.imageshack.com/img922/9548/VFjJ4D.png[/IMG]

    [U][B]VIDEOS:[/B][/U]

    [B]Gold Extends Weekly Losing Run Amid ‘Hawkish’ Fed Commentary[/B]
    [URL="http://www.bloomberg.com/news/articles/2016-05-20/gold-takes-brunt-of-the-selling-as-fed-primes-markets-for-hike"]Gold ...

    Updated 05-20-2016 at 10:50 PM by userque

    Tags: dust, gdx, gold, nugt
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  2. Where are you going, GDX?

    The direction is still unclear. The price remains in both superimposed channels:
    [IMG]http://imagizer.imageshack.com/img922/5310/crhW64.png[/IMG]

    A few recent talking heads regarding gold, etc:

    Ira Epstein:
    [URL]https://www.youtube.com/watch?v=OQBo_tCUOHQ[/URL]

    Kitco:
    [URL]http://www.kitco.com/news/video/show/Kitco-News/1256/2016-05-10/Gold-Stocks-Overheated-20-Correction-Coming-Says-Technician[/URL]

    [URL]http://www.kitco.com/ ...
    Tags: dust, gdx, gold, nugt
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  3. GDX Down Big

    GDX took a big hit Monday--down over 6%. Profit taking in light of a stronger dollar is mostly blamed for the fall by the mainstream media.

    This chart seems to suggest that there is uncertainty in which direction the trend, if any at all, is heading. Perhaps today will be the deciding factor.

    [IMG]http://imagizer.imageshack.com/img921/9867/GYjXza.png[/IMG]
    Tags: dust, gdx, gold, nugt
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  4. EXPECTED BIG NEWS EVENTS...RIDE THEM OUT?

    For better or worse, my algos have always stayed in the market through expected big new events (i.e. FOMC)

    The algos detect hidden patterns that correlate to future price actions. I believe that more often than not, the price action prior to the expected news events may help to forecast the price action after the news hits.

    I don't have to be right 100% of the time, just more often than not.

    This type of crowd precognition is nothing new. They say tweets can ...
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  5. Introduction

    [CENTER][B]Welcome to my Blog.[/B]
    [/CENTER]

    I will discuss things relating to GDX, NUGT, DUST, T/A, EXCEL, and/or Algo's, etc. A couple of times per week (at least).

    This post is a basic introduction.

    [B]What is GDX?[/B]

    "Market Vectors® Gold Miners ETF (GDX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index (GDMNTR[SUP]2[/SUP]), which is intended ...
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