{"id":34188,"date":"2012-12-10T11:45:11","date_gmt":"2012-12-10T16:45:11","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=34188"},"modified":"2012-12-10T11:36:10","modified_gmt":"2012-12-10T16:36:10","slug":"an-emerging-low-in-gold-stocks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/10\/an-emerging-low-in-gold-stocks\/","title":{"rendered":"An Emerging Low in Gold Stocks?"},"content":{"rendered":"<p><a href=\"http:\/\/www.thetechnicaltraders.com\/237-4.html\" target=\"_blank\"><em><strong>David Banister &#8211; ActiveTradingPartners<\/strong><\/em><\/a><\/p>\n<p><strong>Gold stocks have been in another recent downtrend, which makes sense during a \u201cwave 2\u2033 correction in GOLD.<\/strong><\/p>\n<p><strong>If we review the GDX ETF for Gold Stocks we can see a possible triple bottom formation. This one though looks bullish for a reversal trade to the upside near term as GOLD forms a C wave bottom.<\/strong><\/p>\n<p><strong>This triple bottom looks like a series of higher lows should the 43-44 GDX ranges hold near term. The MACD line is still trending down, but in very oversold territory as in the prior two lows that had massive rallies.<\/strong><\/p>\n<p><strong>Ways to play a reversal for the aggressive stock investor is NUGT ETF, which is a 300% long leveraged ETF based loosely on the GDX ETF (1x).<\/strong><\/p>\n<p><strong>The specific timing of entering NUGT is of course tricky and best saved for our <a title=\"Check it out\" href=\"http:\/\/www.thetechnicaltraders.com\/237-4.html\" target=\"_blank\">ATP trading service<\/a>. That said, assuming GOLD does bottom at 1681 or 1631 near term, the GOLD stocks tend to lead the metal higher\u2026 so they will bottom BEFORE the metal.<\/strong><\/p>\n<p><strong>Below is the GDX long term chart showing what looks like an emerging Tradeable low:<\/strong><\/p>\n<p><a href=\"http:\/\/www.activetradingpartners.com\/articles\/wp-content\/uploads\/2012\/12\/127-gdx.jpg\" rel=\"lightbox[556]\"><img loading=\"lazy\" decoding=\"async\" title=\"127 gdx\" src=\"http:\/\/www.activetradingpartners.com\/articles\/wp-content\/uploads\/2012\/12\/127-gdx.jpg\" alt=\"\" width=\"606\" height=\"506\" \/><\/a><\/p>\n<p><strong>Learn more about ATP at <a title=\"d\" href=\"http:\/\/www.thetechnicaltraders.com\/237-4.html\" target=\"_blank\">www.activetradingpartners.com<\/a> and review <a title=\"d\" href=\"http:\/\/www.thetechnicaltraders.com\/237-4.html\" target=\"_blank\">recent samples here<\/a><\/strong><\/p>\n<p><a href=\"http:\/\/www.thetechnicaltraders.com\/237-4.html\" target=\"_blank\"><em><strong>David Banister &#8211; ActiveTradingPartners<\/strong><\/em><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Banister &#8211; ActiveTradingPartners Gold stocks have been in another recent downtrend, which makes sense during a \u201cwave 2\u2033 correction in GOLD. If we review the GDX ETF for Gold Stocks we can see a possible triple bottom formation. This one though looks bullish for a reversal trade to the upside near term as GOLD &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/10\/an-emerging-low-in-gold-stocks\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;An Emerging Low in Gold Stocks?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-34188","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=34188"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34188\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=34188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=34188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=34188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}