‘gold’ Archive

S&P 500 forming its third Eiffel tower pattern in 15-Years?

CLICK ON CHART TO ENLARGE Several times the Power of the Pattern has shared that Eiffel tower patterns can be very important to your portfolio construction & management. At the time when most investors were in love with Gold & Apple, I shared that Eiffel tower patterns looked to be forming in these white hot [...]

Large bullish wick in this key metals stock just took place!

CLICK ON CHART TO ENLARGE Two weeks ago the Power of the Pattern reflected it was a good time for Short-term METAL MEMBERS to be a buyer of GDX with a stop below falling channel support line. The above chart looks at Silver Wheaton (SLW) which is the 4th largest holding of GDX. The chart [...]

This could bring a smile to Gold Miners faces!

CLICK ON CHART TO ENLARGE Smiles on the faces of Gold Miners have been hard to find in 2013, as GDX was down over 40% YTD recently.  The decline has driven GDX down to a lower lower channel support line that has seen counter trend bounces over the past couple of years. The Power of [...]