Tuesday, April 9, 2019

#GoldShares Review $GDX $GDXJ

Gold Shares Chart
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Gold Shares' overall trend, revealed by trends of price, leverage, and time, are define and discussed below for subscribers.

Subscriber Comments

Gold and gold shares, markets in transition, continue to oscillate from Upside alignment to consolidation. This oscillation is driving down participation just as these markets compress. Compression, an observation recorded in both the majors and juniors in both price and volume, tells us something is coming. I know the die hard bears will be the first to scream "CRASH", but the composite message of the market from precious metals composite (PMC) and confidence oscillator (Matrix Line 103) hints towards an unexpected upside breakout. This is not my forecast, but rather an observation based on the cycles of time.

Today's action, though not finalized, favors another upside alignment in the majors. Stay tuned and download the Matrix tomorrow.

Matrix Line 39

Matrix Line 40

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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.