Goldtent TA Paradise

Possible inverse SHS developing in the miners – Gold more so than silver.
Similar pattern developing in $XAU, $GDM, GDX, GDXJ, SLV,

$HUI 2Hour

XGD.TO 2Hour

XGD.TO Daily

EDIT ADD: First Majestic Silver

FR.TO Daily

The Chartology of this Canadian Gold Stock ETF in hindsight is really quite something

Plungers Thesis inspired a closer look

LOOK at the Fib Hits and the Pattern Breakdowns and rebounds

Amazing Chartology …in hindsight

The PM Sector produces some of the best and cleanest Chartology BUT it is Still the Toughest market to trade

For instance that Covid spike Low was in the middle of an UPLEG…Talk about whiplash

ISLAND REVERSAL

XGD.TO – MONTHLY

The dollar is on a rip and we ain’t invited. Do we have to wait until it rises so high enough  to create debt repayments of all the other countries impossible and the default train leaves the station. I like the wedge but not the pain of holding.

I am clinging onto hope like a true goldbug. Will the arc hold with the falling wedge hit???

Triple H plays his game with strength of stocks relative to QQQ.

https://www.triplehstocks.com/author/triplehstocks-com/

This is the Chart I watch as a Proxy for PMs

it always has crisp clear Chartology

It is Very bearish at the moment.

At the least we would need to see this BT fail and that line be convincingly breached to the upside.

JMO

CANADIAN BIG CAP GOLD STOCKS ETF

This is BAD !

Question …Can Gold be Bearish But Silver be Bullish ?

Would love to see this as a small double bottom here.

But Odds favor this is a small pattern just below a larger pattern.

Rambus teaches this would be BEARISH.

Prove me wrong Please

Canadian Miner ETF …usually exhibits very good Chartology

No way to sugar coat it.

Not a Pretty Chart

NOT GOOD

Needs to Stop here for a possible FBO !

If not we are doomed short term IMO

Always shows good Chartology Behavior
Bounced where it “should”
BIG juicy Gap to target IMO

But I am just a lowly germ infested dentist so this is not investment advice 🙂

Great Day

Need 1 more !

HGU is 2x leveraged to XGD

But last 2 days HGU is doing worse than XGD

This is a scam !

These leveraged ETFs are bullshit IMO

Stay away

Canadian Gold Miner ETF

Usually well behaved Chartology

Bounced right on Cue

Some resistance here

IF this is a Bull market this Pattern will break Upside

For Now there is NO interest in this sector ( look at the volume )….Blahhh !

Four main components: GOLD, FNV, NEM, AEM

Top 4 Holdings: Newmont, Barrick, Franco Nevada, Agnico

INHS BO !

Breaking down ?

WHAT IF ?

a DOUBLE TOP ?

I revised the pattern slightly as the top parabola actually fits right in at THE Top

(Notice the four “symmetry failures” as Rambus calls them..annotated by circles…where the reversals just fall short

two at the top line and two at the bottom…which gives validity to this strange pattern .)

This changes the number of completed reversals to unlucky 13 AND as Alpha8 noted in a comment

The pattern broke DOWN today.

The XGD.TO is the PM Miner Large Cap Canadian ETF.

Sometimes when you are running with the Bulls you get

Two Possible Patterns Here

Best to wait for one or the other before getting to Hot or Cold

Of course Fully likely has better charts in his folder, but am posting this one anyway. XGD has built a possible (probable) bullish pennant. Would like to see the top rail broken on good volume. Broken with a gap too – now that would be pretty.