Friday, April 29, 2016

HMY Harmony Gold Mining, Bouncing Off Support In a Very Strong Sector

TLT Barclays 20+ Year Treasury Bond, Bouncing Off Very Strong Support

WFM Whole Foods Market Showing Signs Of Bottom

PG Procter & Gamble Broke Uptrend Line Support and RSI

Gold Miners Bullish Percent Index: A Warning Sign for Gold Stocks

It's time for a pause in the gold-stock rally.
The Market Vectors Gold Miners Fund (GDX) is up 77% since bottoming in January. It has been a straight move higher – practically vertical.
And by the end of the year, gold stocks are likely to be even higher than where they are today.
But in the short term, we may have a problem. You see, one of my favorite gold-stock timing indicators just triggered a sell signal...
Take a look at this chart of the Gold Miners Bullish Percent Index (or "BPGDM")..(more)