Category: Weekend Newsletters

WEEKEND NEWSLETTER 4/7/2018

Sat, 7 Apr 2018

  Gold’s COT improved with commercials reducing their short positions by 32,330 contracts. However, it remains moderately bearish at 351,473. The non-commercial (large speculators) in silver increased their net-short position for the third straight week. Again, the last time we saw this was in 2003 (see bullish silver chart). There was mild selling on strength […]

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WEEKEND NEWSLETTER 3/18/2018

Sun, 18 Mar 2018

  Metals and Miners rolled over on Wednesday, but the ensuing decline was lackluster. I was expecting a substantial breakdown before the weekend. Gold dropped below $1313 on Friday, but it was unable to crack the $1309 zone. To setup a low next week, gold needs to drop below $1300. The probabilities for a March […]

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WEEKEND NEWSLETTER 3/4/2018

Sun, 4 Mar 2018

  The dollar should rally and peak around the time of the March 21st Fed meeting. However, prices reversed at the 50-day EMA and are exhibiting the initial signs of a top. It could turn out to be nothing, but if the dollar peaked, then gold may have put in a premature bottom. Next weeks […]

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