Jonathan Cho's  Instablog

Jonathan Cho
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Independent trader currently seeking work as an analyst or trader with a hedge fund.
  • Precious Metals Have Long-Term Bottomed 0 comments
    Jan 28, 2014 1:05 AM | about stocks: GLD, SLV

    I think precious metals (GLD, SLV, GDX, GDXJ, SIL) have bottomed. Precious metals mining stock indices have all hit major long-term, multi-year support at the same time, while US equities appear to be topping out, and other commodities and Asian equities seem to be bottoming.

    Daily Gold Chart

    (click to enlarge)

    HUI Gold Miners Index

    (click to enlarge)

    XAU Gold Miners Index

    (click to enlarge)

    GDX Gold Miners ETF

    (click to enlarge)

    Stocks: GLD, SLV
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