Loading ...I know but think it does matter on GDX or the buyers and selling of gold. The gaps started to fill on thd way down but now that it’s getting more attention and more buyers it’s hard to say. The market is being held up right now, nothing’s normal. All they care about is the market and those companies attached at the hip to the government while the citizens of this country and others are treading water right now. They can’t afford things as it is and it’s expected to get worse. Like one man said the demos said it cost to much to spend a few billion on a wall but they can spend 450 billion on caring for illegals. California demos said oh they can just spend more money to build more houses for affordable homes but with their green regulations they won’t be cheap and all electric which won’t be cheap. The stock market doesn’t mean squat to all these people and they can’t afford to invest in it anyways. At the same time the middle class getting hit hard to the point they’d be better off with no assets beside their house and car cash or gold in hand so they’d be eligible to medical benefits others get who have never worked or that hard or that long. It’s crazy right now. They’re walking on a treadmill now getting no where with nothing to show for it. And now, oh gas could cost 9 dollars next. I think Dave Hunter was right. The market will start to shift from the way it is now to other things including the PMs.
goldielocks
That chart isn’t a stock, it is a ratio chart of GDX/GLD…..so gaps should not matter at all, or be relevant…..I was watching to see if the GDX closed it’s over night gap…which it did and then kept heading south, so it looked like we were headed for a down day…..then checked that ratio chart on it’s hourly and noticed it was close to that gap…then saw it fill it and start to reverse…..which made me interested in it…..
I shall keep watching it to see if it does similar…..cheers
There is a much bigger gap way down, that is worrying….but it could be filled at much higher prices…..or lower !!!!
Maddog
Just crazy. A 70 pt. swing in the HUI. They must have seen a bunch of stops down around the gap and fleeced them.
A really good day because we didn’t need the QQQ’s to go positive.
Silver is going to $90 soon.
Anyone expect peace yet?
Trump’s ceasefire on life support.
Trump declares Iran ceasefire on ‘Life Support’ after rejecting counterproposal
Maddog
I believe the metals long will continue to rise. That said gap plays are one thing but filling gaps can be good or a bad sign shorter term. Like notice on the way up it didn’t go back and fill the gaps till the high. It’s watching the normal pattern of a particular stock. Less volatile doesn’t like gaps and fills them on the way up . Charts with multi gaps says the particular stock or whole sector sometimes is volatile.
With this current mixed message market it’s harder to chart. It’s making it harder for shorts too. At least it’s about time the metals were taken more serious as a longer term investment.
Ipso
How I traded yesterdays I think it was speculative up was trim some profits from stocks I added months back as it moved up and went negative in that sell off and moved up again yesterday past the price I bought them in the begining of the year like B and some others. Then could of bought them back again this morning but decided to wait and with other things going on and sleep in which isn’t hard when pre market trading that’s 3 hours ahead here is around 4 am and not worry about what it’s gonna do today.
Buygold
Gap chart…..almost back to Unch…..just unreal….closed that gap by 1 tick literally…gap was 0.2181, low was 0.2180 !!!! Then straight up….
Chipping away
Screw the QQQ’s! Let’s go!
SILVER!!!!
Buygold
Coming back a bit now. Sure glad I don’t try to trade this crazy market!
Deer79, Ipso
Well, at least we haven’t given back all of yesterday’s gains – except for gold – so far today. My account is still net positive on the week.
Maybe there’s something to maddog’s gap fill chart today.
Buygold @ 10:39
Shi*! 
A real conundrom
That sell off in Au that smashed the PM shares, may have just been a gap fill move in the GDX/GLD spread…..can any trading system be that mad….or maybe this is the key many moves in the PM mkts…..
The gap is now filled point perfect..if we rally from here then maybe that was it……
Buygold
It’s the Working Group on Financial Makets mo.
Easier for the algorithm to lump everything together, and easier to hunt for Gold and Silver “stops.” I almost have to chuckle at their brazenness. It will not stop.
They’ve got their panties in a bunch today because the intern who was watching porn yesterday ( and let Silver have its way) got flogged.
Maddog
They just tie a rope to the whole sector and tie it whatever is going down the most. Today it happens to be the QQQ’s.
Someone keeps selling Au…looks like massive spread trading in Au/Ag
but when we are joined at the hip to the SM does it matter…especially as we get less of the upside and all of the downside.
Ipso – maybe not
Looks like the real pm shares arrived.
Buygold
Yeah the SM is getting beat up again. I guess war’s only good for certain kinds of business.
Are our PM shares going to be higher at the EOD? Stay tuned! 🙂
I’m out for a bit.
Ipso
With you on the shares, they don’t look bad at all. Silver doesn’t look horrible either.
Surprising given how the SM is doing. Usually we’re down 2X what the SM is doing.
Maddog @ 9:29
I’d love to be a fly on the wall! Xi can’t be too happy with the strait closure. His economy has a gun to it’s head.
He’s probably not going to send much aid to Iran. The more he sends the more likely all the oil facilities in the gulf will be destroyed. JMO
LOL Starmer is still hanging in there … but not for long I think!
Maddog
First Majestic may well be higher before the end of the day. The PM shares look decent so far.
KOW knock on wood 🙂
iposofacto
Re Trump and China…well I guess Xi won’t open up the meeting, by asking why he came !!!!!!
Which is what I believe happened when Starmer turned up…!!!!!
Ipsofacto….
First Maj is down 3 % pre mkt….I’d like to us a base ball bat on this short sellers…hopefully the mkt will.
Trump will have company
Julia Shapero
@JuliaShapero
·
20h
More than a dozen business & tech leaders are joining President Trump on his trip to China this week, per a WH official –
I think there’s a “Robot Gap”
The Humanoid Hub
@TheHumanoidHub
·
7h
Unitree CEO Wang Xingxing just unveiled a real-life mecha.
Marketed as the world’s first mass-produced manned robot, this machine can transform into a quadrupedal civilian vehicle. The unit weighs roughly 500 kg (1,100 lb), including the pilot.