The more I glance at this sector the more I believe we are headed for further downside. Every chart shows some sort of bearish flag. Yesterday I sold off my trading positions in GDXJ, and GLDX as I want to wait this out a bit. It didn't help that the SP500 broke down from support yesterday, so for now its best to be cautious. It is completely possible that the GDXJ is setting up a retest of the December lows.
It is possible that the GDX is setting up a bear flag to where we could see more downside. Watching things develop closely here.
Cleantech, an outperformer in the energy space since 2012, experienced a major expansion phase in 2013 that is still unfolding. In this interview with The Energy Report, Raymond James Energy Analyst Pavel Molchanov points to companies with innovative technologies, strong balance sheets and financial flexibility as examples of low risk with high-flying rewards. Find out about his strongest Buy recommendation, as well as a special situation in big oil.
The bottom is in, declares Oliver Gross of Der Rohstoff-Anleger (The Resource Investor), and the bulls are ready to charge. In this interview with The Gold Report, Gross says that the woefully...