{"id":8279,"date":"2018-02-01T07:30:15","date_gmt":"2018-02-01T12:30:15","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=8279"},"modified":"2018-02-01T07:30:15","modified_gmt":"2018-02-01T12:30:15","slug":"gold-stocks-are-poised-for-one-big-push-higher","status":"publish","type":"post","link":"https:\/\/stage.jeffclarktrader.com\/market-minute\/gold-stocks-are-poised-for-one-big-push-higher\/","title":{"rendered":"Gold Stocks Are Poised for One Big Push Higher"},"content":{"rendered":"

The gold stock rally is hanging on by a thread.<\/p>\n

But \u2013 and this is the important thing \u2013 it is still hanging on.<\/p>\n

We still have about two weeks left in the seasonally strong period for gold stocks. That period started in mid-December and it runs until mid-February.<\/p>\n

The gold sector has done an admirable job of sneaking higher over the past six weeks But the rally has been stalling of late.<\/p>\n

So, it might be worthwhile to take another look at the sector and see if anything has changed. Here\u2019s an updated look at the chart of the VanEck Vectors Gold Miners Fund (GDX)\u2026<\/p>\n

\"\"<\/p>\n

GDX bottomed in mid-December, just like it did last year. Then it rallied sharply heading into January, just like last year. GDX then spent most of January grinding slowly higher and forming a pattern of higher highs and higher lows on the chart. It ended the month on a low note, closing just below its 9-day exponential moving average (the thin red line) \u2013 just like it did last year.<\/p>\n

If the current gold stock rally continues to play out like the rally last year, then the next two weeks could be explosive for gold stocks.<\/p>\n

GDX rallied nearly 8% in early February last year. A similar move this time around would have GDX trading as high as $25.50 by Valentine\u2019s Day.<\/p>\n

There are no guarantees, of course. Just because GDX is currently playing out the same script as it did this time last year doesn\u2019t mean it will continue to do so.<\/p>\n

But as long as GDX can hold above January\u2019s low of $23 per share (on a closing basis), I like the odds.<\/p>\n

If GDX closes below $23, then the pattern is broken. And the gold stock rally will probably be over. For now, though, the gold sector still looks good for the next two weeks.<\/p>\n

Best regards and good trading,<\/p>\n

<\/div>\n

Jeff Clark<\/p>\n

P.S. <\/strong>We\u2019ll keep profiting off the gold market\u2019s rise week after week in the Delta Report<\/em>, all while using low-risk setups with high upside.<\/p>\n

To learn more about a subscription, click here<\/a>.<\/p>\n

Reader Mailbag<\/strong><\/h2>\n

Today, remarks on a recent Delta Report<\/em> gold stock trade\u2026<\/p>\n

No complaints from me. 152% on GDX calls in 13 days. I love trading in the bargain bin.<\/p>\n

\u2013 Eugene M.<\/strong><\/p>\n<\/blockquote>\n

 <\/p>\n

Jeff, thanks for the GDX calls trade. Maybe I\u2019m starting to get the hang of it.<\/p>\n

\u2013 Bob F.<\/strong><\/p>\n<\/blockquote>\n

 <\/p>\n

Lifetime member. I lurk a lot. First message. Great call on GDX today.<\/p>\n

You rock!<\/p>\n

\u2013 Robert F.<\/strong><\/p>\n<\/blockquote>\n

 <\/p>\n

And a question\u2026<\/p>\n

Jeff, I am a relatively recent subscriber and I\u2019m enjoying your service very much appreciate your insight, humility, and perspective. Since you said your mailbag was pretty empty this week, here\u2019s a question for you.<\/p>\n

When you put out buy orders a lot of times the price moves away immediately. You\u2019ve told us to wait and not buy above the buy-up-to price and that it will come back down once the market settles down. How long do we wait? One day? Two days? One week? Two weeks?<\/p>\n

\u2013 Carl.<\/strong><\/p>\n<\/blockquote>\n

 <\/p>\n

Jeff:<\/strong> Thanks for the question, Carl.<\/p>\n

Trade recommendations that move out of range almost always come back into range within about two days. If a couple of days pass and it looks like most subscribers have not had a chance to get into the trade, then I\u2019ll usually post an update in Delta Direct<\/em> with instructions on what to do.<\/p>\n

The longest we\u2019ll hold out for a trade is about one week. After that much time has passed, it\u2019s better just to move on to another.<\/p>\n

\n

If you have a trading story to share, or any questions or suggestions, don\u2019t hesitate to\u00a0send them in<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The gold stock prediction is still playing out. And the next few weeks may be the biggest yet.<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"service":"","footnotes":""},"categories":[1],"tags":[],"publication":[10],"person":[7],"newsletter-type":[],"ticker":[],"class_list":["post-8279","post","type-post","status-publish","format-standard","hentry","category-uncategorized","publication-market-minute","person-jeff-clark"],"acf":[],"ai_tts_audio_outdated":false,"ai_tts_legacy_post":false,"_links":{"self":[{"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/8279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/comments?post=8279"}],"version-history":[{"count":0,"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/8279\/revisions"}],"wp:attachment":[{"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/media?parent=8279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/categories?post=8279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/tags?post=8279"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/publication?post=8279"},{"taxonomy":"person","embeddable":true,"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/person?post=8279"},{"taxonomy":"newsletter-type","embeddable":true,"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/newsletter-type?post=8279"},{"taxonomy":"ticker","embeddable":true,"href":"https:\/\/stage.jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/ticker?post=8279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}