Category: Free Updates

WEEKEND NEWSLETTER 8/5/2017

Sat, 5 Aug 2017

  Metals and Miners showed signs of topping after Friday’s employment report. Weekly dollar prices spiked down to the 200-week MA and reversed. If the dollar finally bottomed, we should see a 4-8 week recovery. Metals and Miners should soften as the dollar bounces. The dollar broke key technical support during the 7-Month decline. Consequently, […]

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THURSDAY REPORT 7/27/2017

Thu, 27 Jul 2017

  The gold cycle has been topping every 34-35 trading days. It has been 36 trading days since the June $1,298 high. The sequence is ripe for a peak. Forming a swing high is the first step in achieving a top. The Dollar dropped to major support at 93.00; prices are well-overdue for a rebound. […]

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QUICK UPDATE

Thu, 27 Jul 2017

  We are seeing subtle signs of topping today in metals and miners. The Dollar tested significant support around 93.00 and is trying to rally. Gold and Silver could form swing highs if they close below today’s intraday low’s tomorrow. -GOLD CYCLE HIGHS- Gold has been topping every 34-35 trading days. If the cycle count […]

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THURSDAY REPORT 7/20/2017

Thu, 20 Jul 2017

  Metals continue their rebound. The rally in miners lacks conviction and trading volume is light. We still expect another decline in metals and miners. 10-year Treasury yields dropped to fill the June gap after breaking out. If yields bottom and begin to rally, metals and miners should start to rollover.   -US DOLLAR- Prices […]

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THURSDAY REPORT 6/29/2017

Thu, 29 Jun 2017

  The dollar continues to search for a bottom. Prices have been declining for 6-months, and nearly everyone is bearish. The extremly bearish sentiment should lead to a base….eventually. I would buy the current dollar weakness if gold were breaking out to new highs; prices remain below the April/June $1,298 double top. Our expectations for […]

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WEEKEND NEWSLETTER 6/24/2017

Sat, 24 Jun 2017

  Metals and Miners are bouncing as the dollar finishes what appears to be a small inverse head and shoulder bottoming pattern. If our analysis is correct, the rebound in precious metals should end next week. A daily close above 97.50 in the US Dollar will establish a breakout. A breakout in the dollar should […]

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WEEKEND NEWSLETTER 6/17/2018

Sat, 17 Jun 2017

  Gold and Silver formed weekly swing highs, and prices should be working their way down into the 6-Month low. The bull market breakouts in 1986 and 2002 are similar to the current setup. If the correlation advances, we should see gold break above the long-term trendline later this year, confirming a bull market. Metals […]

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THURSDAY REPORT 6/1/2017

Thu, 1 Jun 2017

  Gold and Silver prices refuse to turn lower. The next swing high in metals should be enough to form a top. The May employment numbers will be released tomorrow at 8:30, expect volatility in the morning. I will attempt to post an update before the open. The US Dollar remains under pressure. However, it’s […]

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WEEKEND NEWSLETTER 5/20/2017

Sat, 20 May 2017

  Our outlook for another decline in precious metals and miners will likely be confirmed or rejected next week. The minutes from the May 3rd FED meeting will be released Wednesday at 2:00 PM. From that, we can calculate the likelihood of a June rate hike (currently at 78.5%). On May 25th, OPEC will attempt […]

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TUESDAY REPORT 5/16/2017

Tue, 16 May 2017

  The US Dollar broke down sharply today, but I think prices are nearing a significant bottom. Today’s move may be a false breakdown before a sustained move higher. I will be watching prices closely for signs of bottoming this week. Gold finally confirmed the third daily cycle. Prices are nearing resistance. The dollar and […]

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