Category Archives: Metals

Juniors Are Next

By -

First off, a tip-of-the-hat to criticism: I gave the first draft of my screenplay to a professional script reader a couple of weeks ago. He thought the story was marvelous but the execution was severely flawed. Sensitive soul that I am, I was tempted for a few moments to just forget the whole thing (since the odds of a first screenplay ever seeing the light of day are just about ZERO), but I decided to do what he said and write up a treatment for a second draft. I just finished, and holy Lord, it’s about ten times better than the first. So I’m very excited about where this is going. You’ll laugh. You’ll cry. You’ll remember you read about it first on Slope.

Back to charts………..the miners (GDX) broke their channel this week, and I think juniors could be next. Keep a close eye on that lower channel trendline!


The Golden Triangle

By -

Well, it’s nice to see some red on the screen, although I’m far too deeply cynical to think a single red quote will stick until the day is over. I will say, however, that precious metals are particularly vulnerable right now (and even more so, the miners).  If gold breaks its symmetric triangle, shown below, the weakness we’ve seen lately will accelerate.