VanEck Gold Miners ETF (GDX)

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Why is this dragging behind gold. Get up, drink some coffee. Miners are supposed to lead gold not fall on the floor

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Tom Scheuermann Sep 13, 2024 5:07PM ET

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we want Timmy!!!

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troy fry Sep 13, 2024 12:22AM ET

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Tim? Tom? Hello welcome to a significant breakout. Higher prices ahead

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Tom Scheuermann Sep 13, 2024 12:22AM ET

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lol right here with my popcorn buddy. hope it holds. Tim is and his nonsense are long gone by the looks.of it

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Tom Scheuermann Aug 19, 2024 3:07PM ET

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Timothy?

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NegativeCarry Aug 19, 2024 3:07PM ET

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I am not timothy. I suggest you go to grinder to find him.

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NegativeCarry Aug 18, 2024 12:14PM ET

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GDX feels like a coiled spring. Above 40 it is going to fly 20/30% higher cery quickly. Institutional money is still not involved and they ate playing catch up. Most IS HFs cannot fathom a world where fiat devalues so fast. Miners are about to catch fire and gold is only going higher.

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Joshua Thompson Aug 16, 2024 5:03PM ET

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Massive breakout (if this chart uploads correctly)

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Joshua Thompson Aug 16, 2024 5:03PM ET

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2011-2014 triangle breakout to be confirmed on all time frames with a close above $39.50 or so.

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Tom Scheuermann Aug 16, 2024 11:12AM ET

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i want a down day so Timmy can come back and tell us all about how he and WaveTrash nailed everything and mansplain us about what we are all missing that WaveGarbage sees. hopefully we go down Monday and we get a visit!

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Tom Scheuermann Aug 15, 2024 10:20AM ET

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where's Timmy?

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Don Denmark Jul 31, 2024 7:04PM ET

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time for a new ATH. Maybe $40 in the next week. We'll see how June data comes out. If it supports cutting rates...

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Stop Lost Jul 31, 2024 7:04PM ET

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this is crashing worse than NASDAQ

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Timothy Technography Jul 31, 2024 7:04PM ET

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I warned them, but they got giddy b/c of a one day bounce over an inflation report. The downtrend was obvious per the chart I took the time to post. Of course if price overshoots below the trend line, it will bounce back above the trend line, but then reverse again below the trend line b/c of the irrationality of financial markets which trade more on emotion than fact. The fact is the downtrend line I drew days ago is to correct overpriced assets. It will end some day, and I even provided when daily GDX's PPM-2 was forecasted to bottom around Aug. 9, which is followed by a brief bounce, another test of the low, before a more significant oversold relief rally is projected. Folks who trade off sentiment instead of trading tools used by pension and money managers who manage tens of millions of dollars are just trading blind. You have to know where momentum is headed, not where it's been.

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Tom Scheuermann Jul 31, 2024 7:04PM ET

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you warned them, they warned you, what's the difference? you neglect to mention how your entry was wrong....it's basically a wash and you act like you're Jessie Livermore or something .

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Timothy Technography Jul 31, 2024 7:04PM ET

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This isn't about my trade. This is about the direction of GDX and momentum. You seem to worry about how my trade is doing, when we're not even finished with momenum direction, rather than what's important, which is that you thought GDX was headed higher when I wrote here, No, it's not; it's headed lower. So Tom getting caught up with the details of one option choice, which depends on expiry, gamma, strike, VIX, etc., is beside the point. If I thought someone should buy what I wrote, I would have said so. I just wanted to make sure folks knew that in the first half of July, especially as we hit mid July, that was not the time to buy GDX. The time to buy was second half of June. And I explained that if you own options or bought recently, you'd be wise to exit on gains, but if you'd bought deeply green on shares, not options, which typically means double digit gains, then you can hold shares, b/c this is a sideways consolidation phase, not the beginning of a bear market or anything approaching that, at least not yet per weekly and monthly charts when I wrote the earlier posts. In fact, WaveTech indicates gold futures (GC) and GLD are going to see a rally begin shortly for the next few couple weeks. And eventually that gold rally will pull up GDX, but the projection is more bullish for GC than GDX, which is why I'm starting with GLD calls while waiting till mid Aug. to add GDX calls b/c GDX is too choppy before then, per WaveTech.

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Tom Scheuermann Jul 31, 2024 7:04PM ET

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I'm not worried about your trade, I just like calling out know it alls that are wrong. the notion that technical trading is,.in any way, an exact science is deeply flawed. that goes for any WaveTrash or any indicator or chart analysis you can do. you make money by winning more trades than you lose in this game, not by winning all or nearly all of your trades so stop trying to act like WaveGarbage is something special and you are some kind of amazing trader because if you were you'd be on a beach somewhere not posting paragraphs on a message board that hardly anyone sees.

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Timothy Technography Jul 25, 2024 11:45AM ET

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Folks are driving blind if they think GDX is headed higher in the next few days. They're unaware or in disbelief that WaveTech saw the high in daily price pressure momentum on July 16 and PPM-1 doesn't bottom until July 30 and PPM-2 not until around August 9, and so the low in price is not until that timeframe, typically around PPM-2's low. That's why I said two weeks ago to take your profits unless you're deeply green b/c what follows is consolidation until the next rally in August, and that one is currently projected to result in a lower 10-DMA than July's top of that trend line. That's why I'm trading TLT; you can profit on its move up and down as Treasury demands rise and fall within a trading range, great for options trading. Bought CALL TLT 94.00 EXP 08-16-24 yesterday and preceding days to enjoy a 75% gain today that is expected to be higher in the morning as yields drop further overnight. Then buy a put tomorrow for a selloff in bonds that climaxes next week near EOM. The timing and severity of projection can change, just like a storm projection, but the gist remains in tact of what's coming. The GDX put I bought mid month for around $15/contract has doubled in price since then for a 100% gain, allowing me to sell half to cover the investment and ride this into August through further selling, despite occasional bounces like yesterday. You gotta have a reliable trading tool and technique. Never rely on the mediocrity that frequent these comments with unsubstantiated claims of this will happen or that will happen.

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Timothy Technography Jul 25, 2024 11:45AM ET

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If anyone's tracking, put is VANECK GOLD MINERS ETF PUT AUG24 34.00: GDX AUG 16, 2024 34.00 PUT

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Tom Scheuermann Jul 25, 2024 11:45AM ET

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only up from when you posted, WaveTrash got it wrong again.

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Don Denmark Jul 25, 2024 11:45AM ET

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thank goodness your hypothesis was so poorly crafted that no one would have traded on it. I hope you didn't

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Timothy Technography Jul 25, 2024 11:45AM ET

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Denmark, of course I traded what WaveTech said and not what you guys wrote b/c I have a proprietary trading tool used to trade tens of millions of dollars for pension portfolio and money managers who don't get their information and guidance from amateurs on Investing.com. I already told you PPM-2 hasn't even bottomed yet, so there's more downside, but you guys get excited just because of 1 or 2 day bounce in overreaction to one data point, inflation. And BTW, today and Friday's selling is also overreaction but in the trend direction. If you read the BofA report this morning, investors would realize that Friday's jobs report is mostly temporary job losses of people who only get paid when they can work, and the weather during the July reporting period caused a lot of temporary layoffs. In fact, here in the Miami metro, we're looking at about 2 weeks of rainy weather that's putting a lot of blue collar workers in construction and landscaping on hold. That said, daily GDX PPMs don't indicate this daily chart downtrend begins to reverse until mid August. So hold those GDX puts for now like I wisely did.

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Tom Scheuermann Jul 25, 2024 11:45AM ET

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do you think that managing tens of millions is a lot of money in the world of active management? bizarre. and even the best hedge fund managers get things wrong all the time. and then u talk about rain in Miami? bizarre.

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