Gold & Silver: Stocks & ETFs to watch

The recent bullish descending-wedge breakout on Gold has been helped by US$ weakness and concerns about the global economy. I wrote a separate article this morning about the levels to watch on Gold with any continued recovery move and this can be found through the following link. Any continued rally with the metal may help the many beaten-down Gold stocks and ETFs to stage a recovery as well. In this article I have posted a few charts of US and Aussie Gold & Silver stocks/ETFs worth watching in the event of any continued bullish momentum with Gold.

Gold weekly: a weekly-based bullish descending wedge breakout after more than 2 1/2 years. This bullish breakout was noted in my recent w/e analysis:

GoldWeekly

GC weekly: this NYMX spot Gold chart is naturally quite similar to the FX chart for Gold:

GCweekly

GDX weekly: The Gold Miners ETF also looks to have started a bullish wedge breakout:

GDXweekly

GDXJ weekly: The Junior Gold Miners ETF looks to have carved out a base above $20 and staged a trend line breakout:

GDXJweekly

GG weekly: GoldCorp is still worth watching for any wedge breakout:

GGweekly

GLD weekly: Gold Bullion ETF, not surprisingly, showing a similar wedge breakout as the Gold weekly chart:

GLDweekly

ABX weekly: Barrick Gold: watching for a bullish wedge break out here BUT I’d still prefer to wait and see any close and hold back above $15. Note how $15 ties in with the top of the weekly Ichimoku Cloud:

ABXweekly

ABXweeklyCloud

AUY weekly: Yamana Gold: this bear trend line has now been broken:

AUYweekly

DGP weekly: this double Gold ETF looks like it has made a bullish wedge breakout too but the $30 remains as key S/R:

DGPweekly

GOR weekly: Gold Road Resources: One ASX Gold stock that hasn’t broken out yet:

GORweekly

SBM monthly: St Barbara: Another ASX gold stock where a monthly close above $1.25 would be encouraging:

SBMmonthly

SLR weekly: Silver lake Resources: Another ASX stock and a weekly close above 0.25 would be encouraging here:

SLRweekly

Silver: this is worth keeping an eye on as well as any sustained recovery with Gold would most likely drag this metal along for the ride too:

SI weekly: spot Silver looks to have made a weekly bullish breakout here:

SIweekly

SLV weekly: Silver ETF: a bullish triangle breakout here too:

SLVweekly

AGQ weekly: Silver Ultra ETF: a trend line break here seems to be telling the same story:

AGQweekly

 

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