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NUGT News and Press, Direxion Daily Gold Miners Index Bull 3X Shares
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In 1980, the price of gold rose to a high of $875 per ounce on the nearby NYMEX futures contract. The yellow metal did not return to that level for twenty-seven years. In 2008, after reaching a new high at over $1000 per ounce, the price slipped back to a low of $681 during the risk-off period...
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The bull market in gold and silver began in the early 2000s. After rising to highs of $1920.70 and $49.82 in 2011, both precious metals pulled back to lows of $1046.20 and $13.635 in December 2015. Gold and silver have been consolidating since reaching those lows. In June 2019, gold broke ou...
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Editor's note: Originally published at tsi-blog.com on Jan. 21, 2020. Do gold mining stocks, as represented by the Barron's Gold Mining Index ((BGMI)) or the XAU or the HUI, lead gold bullion at significant turning points? According to many analysts, the answer is a resounding "yes"....
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Gold was trading last at $1,557.70, up about $7.30. The Variable Changing Price Momentum Indicator (VC PMI) average daily price is $1,552. The Sell 1 level above the mean is $1,556, and the Sell 2 level is $1,562. The Buy 1 level below the mean is $1,546 and the Buy 2 level is $1,542. The ma...
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The gold miners’ stocks are wavering, frustrating traders. For the better part of a half-year, this sector has neither broken out nor broken down. Instead it has mostly ground sideways since the last upleg’s peak. Gold stocks being mired in a consolidation so long, even a relativ...
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No one interested in current income buys gold mining stocks, because those stocks are traditionally all about capital gains. As "leveraged plays on the price of gold," the miners work this way. Let's say gold is $1,000 per ounce and a hypothetical miner produces a million ounces annually, ek...
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We have recommended our subscribers to take profits in gold. The market has accomplished the targets we have been anticipating with a bull market from $1,551 to $1,557. The market rallied into a new high of about $1,557 today so far. We use the proprietary artificial intelligence of the Var...
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Agnico Eagle Mines (NYSE: AEM ), Newmont (NYSE: NEM ) and Endeavour Mining ( OTCQX:EDVMF ) are this year's top picks among precious metals miners at Credit Suisse, as the trio is poised to generate significant free cash flow and return capital to shareholders while having lower financial a...
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Gold is trading last at $1,545.50. The market came down overnight to the Variable Changing Price Momentum Indicator (VC PMI) Buy 2 level of $1,537 and activated a buy signal at about 5:15 pm PT. The signal had a 95% probability of the target of $1,544 being completed. As you can see, the marke...
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I want to share the data we use for the next trading sessions. Gold closed at $1,563.20. On the left of the chart are the daily numbers. The automated algorithm that we use, the Variable Changing Price Momentum Indicator (VC PMI), identified the average price coming into this week as $1,557....
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In 1980, the price of gold rose to a high of $875 per ounce on the nearby NYMEX futures contract. The yellow metal did not return to that level for twenty-seven years. In 2008, after reaching a new high at over $1000 per ounce, the price slipped back to a low of $681 during the risk-off period...
-
The bull market in gold and silver began in the early 2000s. After rising to highs of $1920.70 and $49.82 in 2011, both precious metals pulled back to lows of $1046.20 and $13.635 in December 2015. Gold and silver have been consolidating since reaching those lows. In June 2019, gold broke ou...
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Editor's note: Originally published at tsi-blog.com on Jan. 21, 2020. Do gold mining stocks, as represented by the Barron's Gold Mining Index ((BGMI)) or the XAU or the HUI, lead gold bullion at significant turning points? According to many analysts, the answer is a resounding "yes"....
