What are the Fundamental and VC PMI AI For the Gold market?

 

 

 

 

Direxion Daily Junior Gold Miners Index Bull 3X Shares [NYSEArca: JNUG] is a gold mining ETF that was created in October 2013. This JNUG stock ETF is consisting of junior gold and silver companies that operate in both developed and emerging markets. The goal of JNUG is to deliver daily returns that are three times as high as the MVIS Global Junior Gold Miners Index. Both small-cap companies and gold prices are generally more volatile than the average investment. JNUG stock at https://www.webull.com/quote/nysearca-jnug is highly volatile and speculative security. The JNUG ETF is a year-to-date return of 27 percent. But, it is down by 17.9 percent from July 2018.

Fundamental Gold

  • They are taking advantage of these prices we are getting. This has been a phenomenal run.
  • If you are thinking of the current monetary policies, which is calling for unlimited stimulus to prevent an implosion of the global economy.
  • The fundamentals are having only become stronger as a safe-haven asset. They are building incredible equity during this current crisis.

The VC PMI AI For Gold

The market is identifying the kind of buying strength that can absorb the selling pressure at the Sell 1 level. The Variable Changing Price Momentum Indicator (VC PMI) is helping analyze the market and provide the Sell 1 and 2 levels.

  • Silver

The pattern in silver is very similar to gold, as does the stock market. They are looking at a head-and-shoulders bottom with a breakout from the right shoulder and moving into the weekly targets of $16.89 to $17.55. When the market breaks above the daily targets of $16.22 to $15.88, it automatically connects the algorithm to the weekly targets. It is also activated another buy trigger from that $15.04 level, that was the harmonic level between the daily and weekly. This is a powerful relationship with a high probability of a move up.

  • E-mini

The E-mini S&P is an example of buying the rumor and sell the fact. The high was made back on Feb. 20, 2020. Stocks at that point appeared to have disregarded the coronavirus news that was coming out. China had suppressed the news for a few months, but the news began to come out. Rumors began to circulate, which led to panic selling in March. The DJIA was down a few thousand points in days, the market made a low of 2174. This was the weekend that the stock market became virtual for the first time. You can also check znga at https://www.webull.com/quote/nasdaq-znga .

Leave a Reply

Your email address will not be published. Required fields are marked *