{"id":170202,"date":"2020-05-08T05:45:47","date_gmt":"2020-05-08T09:45:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170202"},"modified":"2020-05-08T05:16:25","modified_gmt":"2020-05-08T09:16:25","slug":"junior-gold-miners-ready-to-run","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/junior-gold-miners-ready-to-run\/","title":{"rendered":"Junior Gold Miners Ready To Run"},"content":{"rendered":"
May 8, 2020<\/div>
\r\n<\/div><\/div>

By TheTechnicalTraders<\/u><\/a>\u00a0<\/strong><\/p>\n

– Both Gold and Silver Futures have been struggling to rally above recent high levels since the start of the global stock market collapse related to the COVID-19 virus event.\u00a0 Yet, the Junior Gold Miners appear to be telling us the Precious Metals market is boiling hot.<\/p>\n

Gold, the bell-weather safe-haven asset, initially collapsed when the US stock market started the massive selloff in late February 2020, then recovered to higher price levels near $1785 recently.\u00a0 Since reaching these levels, Gold has stalled into a sideways price flag near major resistance.<\/p>\n

Silver, on the other hand, is trading near $15.60 and has yet to really recover to anywhere near the levels it had achieved in early January 2020 (near $18.60).<\/p>\n

Well, GDXJ, the Junior Gold Miners ETF, is suggesting a very strong price rally is taking place that may push both Gold and Silver substantially higher.\u00a0 Key resistance exists near $46.50.\u00a0 Once broken we believe a very strong price rally will take place pushing GDXJ price levels to $51 or $52.\u00a0 After that, a brief downside rotation will potentially retest the $47 to $48 levels before an even bigger upside rally takes place.\u00a0 What is even more important is that we believe this big breakout move could start as early as next week, May 12th<\/sup> or after.<\/p>\n

Before you continue, be sure to\u00a0<\/em>opt-in to our free market trend signals<\/em><\/strong>
\nbefore closing this page, so you don\u2019t miss our next special report & signal!<\/em><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

GDXJ Daily Chart<\/strong><\/h3>\n
\n
\"\"<\/a><\/figure>\n<\/div>\n

This GDXJ Weekly chart highlights the same price pattern and shows why we believe the upside price breakout could be a massive new trend.\u00a0 The Deep price low setup because of the COVID-19 virus event creates a very big price range for any future price advancements.\u00a0 That $24 price range, if applied to price levels before the breakdown event near $41, may suggest GDXJ could rally to levels above $65 over the next few weeks or months.<\/p>\n

GDXJ Weekly Chart<\/strong><\/h3>\n
\n
\"\"<\/a><\/figure>\n<\/div>\n

Concluding Thoughts:<\/h3>\n

We believe the upside rally in both Gold and Silver recently is a very good indication that the sideways price channel that has plagued precious metals recently may be ending.\u00a0 If precious metals prices begin to rally, then GDXJ will break the upper $46.50 resistance level and begin a new upside price rally clearing the resistance setup before the virus event began.<\/p>\n

Get ready, this could be a very big move higher for Junior Miners and it could align with our May 8th<\/sup> through May 12th<\/sup> global market inflection point prediction.<\/p>\n

If you are using our free public research for your own trading decision-making and\/or using it as an opportunity to find and execute successful trades, please remember you are the one ultimately making the decisions to trade based on our interpretation and free research posts.\u00a0 We, as technical traders, will continue to post new research articles and content that we believe is relevant to the current market setups.<\/p>\n

If you want to improve your accuracy and opportunities for success, then we urge you to visit\u00a0TheTechnicalTraders.com<\/u><\/a><\/strong> to learn how you can enjoy our research and our members-only trading triggers (see the first chart in this article).\u00a0 If you are managing your retirement account or 401k, then we urge you to visit\u00a0www.TheTechnicalInvestor.com<\/strong><\/a>\u00a0to learn how to protect your assets and grow your wealth using our proprietary longer-term modeling systems.\u00a0 Our goal is to help you find and create success \u2013 not to confuse you.<\/p>\n

Our researchers will generate free research on just about any topic that interests them.\u00a0 As technical traders, we follow price, predict future price moves, tops, bottoms, and trends, and attempt to highlight incredible setups that exist on the charts.\u00a0 What you do with it is up to you.\u00a0 Visit\u00a0www.TheTechnicalTraders.com\/FreeResearch\/<\/strong><\/a>\u00a0to review all of our detailed free research posts.<\/p>\n

In closing, we would like to suggest that the next 5+ years are going to be incredible opportunities for skilled traders.\u00a0 Remember, we\u2019ve already mapped out price trends 10+ years into the future that we expect based on our advanced predictive modeling tools.\u00a0 If our analysis is correct, skilled traders will be able to make a small fortune trading these trends and Metals will skyrocket.\u00a0 The only way you\u2019ll know which trades to take or not is to become a member.<\/p>\n

Chris Vermeulen
\nChief Market Strategist
\nTheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders\u00a0 – Both Gold and Silver Futures have been struggling to rally above recent high levels since the start of the global stock market collapse related to the COVID-19 virus event.\u00a0 Yet, the Junior Gold Miners appear to be telling us the Precious Metals market is boiling hot. Gold, the bell-weather safe-haven asset, initially […]<\/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-170202","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=170202"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170202\/revisions"}],"predecessor-version":[{"id":170205,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170202\/revisions\/170205"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}