Gdx A Discussion Threads

[energyi] 13/8/2007 17:40

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[energyi] 26/7/2007 06:46

Gold got mugged yesterday:

GLD : $66.90 -0.57 Open: 67.19 High: 67.22 Low: $66.35 Volume: 7,530,600 / Pct.: -0.84%
GDX : $41.72 -0.68 Open: 41.89 High: 41.99 Low: $40.76 Volume: 2,414,900 / Pct.: -1.60%
Ratio : x.xx -x.xx

HUI : 358.58 Change: -6.13 Open: 364.71 High: 364.71 Low: 349.96 / Percent Change: -1.68%

Here's why- a sharp bounce in the Dollar



Was DX-80 the low for the dollar, or just a temporary bounce-point?
I reckon the latter, but let's see how many days the dollar holds up

What I don't like is : that big selling volume in the GDX, and the declining GDX/GLD ratio.
A positive thing was the sizeable bounce in the HUI, which closed down -6.13 (at 358.58)
after being down a huge -14.75 : (at 349.96).

[energyi] 19/7/2007 11:20

==ACTUAL RESULTS==

GDX Open:
GDXHJ GDX.Aug.$36.0 (x 40) : cost: $ 4.91 : $19,646 / value: $ 6.50 : $26,000

GFI Open:
GFIHC GFI.Aug.$12.5 (x 40) : cost: $ 1.56 : $ 6,238 / value: $ 2.90 : $11,600
GFIJC GFI.Oct.$15.0 (x100) : cost: $ 1.66 : $16,591 / value: $ 3.10 : $31,000
================== : ============ ==================
Symbol /Co.Month.Strike(#) : cost: $ x.xx : $42,475 / value: $ x.xx : $68,600

Sold:
GDXJH GDX.Jul.$12.5 (x 40): Rec'd: $28,145 / Cost: $16,038 (6/12) profit: $12,107
GFIGC GFI.Jul.$15.0 (x 50): Rec'd: $ 8,571 / Cost: $ 6,045 (6/12) profit: $ 2,526
================== : =========================== : $12,633
recd:25-4723, 25-3848 /cost:50-6045 (6/12)

The profit from the earlier trades was rolled into the new options, so

Value of Options.. : $ 68,600
Cost of Options... : $ 42,475
Less/ Profit taken : ($12,633)
===================: ========
Net Cost, options. : $ 29,842
Profit, Net Cost.. : $ 38,758 / +129.9%

[energyi] 15/7/2007 23:05

Gold shares (HUI)-to- Gold Ratio:

I think this chart gives some good indications of breakouts and turning points:


INTERPRETATION:
...it certainly looks like Gold shares are set for an important breakout.
(Look at the SLO stochastics at the bottom, it hit 80, where we have seen breaks previously.
Out of three prior times, it failed only once- 1 year ago, and this try looks better than that one. )
And Gold Stock/HUI normally lead Gold, dragging it higher.

Looks like the Slingshot action is happening early, during the summer this time!
(as I suggested on several CW Radio podcasts)

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MORE comments like this/
here:

[energyi] 28/6/2007 15:06

GOOD TIMING?

Tom Obrien "stepped in yesterday... and bought four or five golds"

[energyi] 28/6/2007 08:29

and back down...
to a second, and slightly better, buying level just below GDX-37

[energyi] 20/6/2007 17:49

energyi - 15 Jun'07 - 12:16 - 25118
BUY GOLD:
"I'm flashing a BUY on gold here- this week, provided, we do not get the usual late friday dive"

-see Long Term charts, post #139:

[energyi] 30/5/2007 18:51

Actually, today's low may, just may, be important



Let's see how the volume behaves out of it

The GDX-to-SPX ratio could be bottoming also

[energyi] 16/5/2007 17:40

Volume on this drop (so far) is higher than I would like, but not alarming

RATIO : HUI / Gold : $322.94 / $661.20 = 48.84%,
...and this looks like a key level of support for the ratio



Many signs showing oversold levels, with rally due very soon.

Could we reach the nexty key support level of $648-ish for Gold?

STILL WAITING to put most of that cash to work

[energyi] 15/5/2007 02:59

If the Slingshot is going to work


We are now at a good level ($666) for it to start

[energyi] 11/5/2007 01:24

Slingshot update = Not ideal, but still possible

((See above for volume -ABX's volume was light))

Yesterday's move down was within acceptable limits. what i did not like was the light volume on the way up, and yesterday's downward volume was more than i wanted to see.

The good news is the volume on this pullback did not accelerate, so the potential for a sharp "slingshot upwards" remains intact. But I dont want to see the slide go beyond early next week

[energyi] 08/5/2007 17:25

NEARLY ON ANOTHER BUY SIGNAL - a few days more only?




GDX/GLD chart:

[energyi] 27/4/2007 04:44

I am not worried about Gold or Gold shares here.

I note that it has been brought down to support, and is geeting oversold


Isnt this just the slingshot that we have been waiting for?

[energyi] 10/1/2007 04:08

Above chart was only partly right...
GDX rose to the next level, $42- before falling back

[energyi] 25/11/2006 08:08

IMPORTANT Resistance level.

I just noticed that the gold shares (GDX) have bounced back to an important level



For the Bull's sake, it needs to power through here on big volume next week.
If it fails to do so, Gold shares may begin a renewed slide.

Yesterday was a "half day", so perhaps Friday's volume was not so meaningful,
but I would like to see more.

I did some significant selling/ profit-taking yesterday.
Nest week's action will tell if I should have done more

[energyi] 19/10/2006 16:13

I am bullish-but it wont be straight up

In fact, looks like we have some opening gaps up, including one today
so gold may have to retrace before moving higher

there's strong resistance at $600, and that may prove a real challenge just now

[energyi] 15/6/2006 23:02

Compare with HUI...
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Date : HUI : GDX : Ratio HUI is about 8-9 times GDX

[energyi] 15/6/2006 22:02

The Gold Sector etf : GDX and its Main COMPONENTS
============
.....
======================================================================================================
GDX Intraday
.

(INDICES)
GDX Daily

HUI Daily

GDX weekly


( GDX COMPONENTS- Top 12? )
All :

ABX : Barrick Gold Corp : $38.71 : $38.73bn : pe-8.9, yield-2.07%


GG- : Goldcorp Inc------ : $39.19 : $31.74bn : pe-22.4, yield-1.38%


NEM : Newmont Mining : $49.73 : $24.40bn : pe-74.20, yield-2.82%


AU- : Anglogold Ashanti : $34.29 : $13.10bn : pe-10.60, yield-1.17%


AUY : Yamana Gold Inc : $16.24 : $12.12bn : pe-21.90, yield-1.35%


SLW : Silver Wheaton Cp : $28.41 : $10.05bn : pe-18.00, yield-1.27%


KGC : Kinross Gold Corp : $ 8.82 : $10.05bn : pe-N/A, yield: 1.81%


BVN : Cia Minas Buenav. : $38.82 : $9.88bn : pe-10.40, yield-1.98%


EGO : Eldorado Gold Cp. : $12.94 : $9.44bn : pe-21.90, yield: 1.78%


GFI : Gold Fields Ltd.--- : $12.77 : $9.24bn : pe-10.60, yield-4.74%


GOLD : Randgold Res. : $93.70 : $8.58bn : pe-20.40, yield-0.41%

=== ===
GDX : MktV. Gold Miners : $46.45 : $ 8.51bn : pe-N/A--, yield-0.32%
=== : July 07, 2012 --- :
ABX : Barrick Gold Corp : $38.71 : $38.73bn : pe-08.90, yield-2.07%
GG- : Goldcorp Inc----- : $39.19 : $31.74bn : pe-22.40, yield-1.38%
NEM : Newmont Mining--- : $49.73 : $24.40bn : pe-74.20, yield-2.82%
AU- : Anglogold Ashanti : $34.29 : $13.10bn : pe-10.60, yield-1.17%
AUY : Yamana Gold Inc.- : $16.24 : $12.12bn : pe-21.90, yield-1.35%
SLW : Silver Wheaton Cp : $28.41 : $10.05bn : pe-18.00, yield-1.27%
KGC : Kinross Gold Corp : $ 8.82 : $10.05bn : pe-N/A--, yield-1.81%
BVN : Cia Minas Buenav. : $38.82 : $ 9.88bn : pe-10.40, yield-1.98%
EGO : Eldorado Gold Cp. : $12.94 : $ 9.44bn : pe-21.90, yield-1.78%
GFI : Gold Fields Ltd.- : $12.77 : $ 9.24bn : pe-10.60, yield-4.74%
GOLD: Randgold Res.---- : $93.70 : $ 8.58bn : pe-20.40, yield-0.41%
AEM : Agnico-Eagle Mns. : $42.01 : $ 7.19bn : pe-N/A--, yield-1.90%
IAG : Iamgold Corp.---- : $12.25 : $ 4.61bn : pe-06.30, yield-2.04%
HMY : Harmony Gold Mns. : $ 9.40 : $ 4.04bn : pr-47.00, yield-1.12%
NGD : New Gold Inc.---- : $10.07 : $ 4.65bn : pe-25.80, yield-N/A--
RGLD: Royal Gold Inc.-- : $79.78 : $ 4.69bn : pe-48.90, yield-0.75%
ANV : Allied Nevada Gd. : $29.71 : $ 2.67bn : pe-56.10, yield-N/A--
AUQ : AuRico Gold Inc.- : $ 8.46 : $ 2.38bn : pe-11.90, yield-N/A--
PAAS: Pan Amer. Silver- : $16.79 : $ 2.58bn : pe-05.90, yield-0.89%
CDE : Coeur D'Alene Mns : $18.17 : $ 1.63bn : pe-19.50, yield-N/A--
AG- : First Majestic Slv: $15.50 : $ 1.64bn : pe-15.80, yield-N/A--
HL- : Hecla Mining Co.- : $ 4.94 : $ 1.41bn : pe-12.40, yield-1.82%
SSRI: Silver Standard Rs: $12.02 : $ 971.mn : pe-14.70, yield-N/A--
MFN : Minefinders Corp. : $
SA- : Seabridge Gold--- :
AZK : Aurizon Mines Ltd :
NSU : Nevsun Resources- :
TRX : Tanzanian Royalty :
GSS : Golden Star Res.- :
GBG : Great Basin Gold- :
VGZ : Vista Gold Corp.- :

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GDX Components: