Author: admin

WEEKEND NEWSLETTER MARCH 11, 2023 (SVB FAILURE)

Sat, 11 Mar 2023

    Silicon Valley Bank (SVB) collapsed after experiencing an old-fashioned bank run.  It started Wednesday when the bank tried to raise $2.25 billion in equity to shore up its balance sheet. Customers panicked and withdrew a staggering $42 billion – making them insolvent.  The FDIC took over operations Friday, and SVB became the second-largest […]

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WEEKEND NEWSLETTER JANUARY 8, 2022 (BIG PICTURE REVIEW)

Sun, 8 Jan 2023

    At the beginning of the year, I like to review my 10-year strategy. I believe the 2020s will be great for commodities and not so good for the stock market.     Best Performing Assets Each decade has its investment theme and a best-performing asset. The asset that did best in the last […]

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BITCOIN UPDATE

Fri, 9 Dec 2022

  I noticed something in the bitcoin chart I wanted to share. If the pattern repeats, we could see another big drop in bitcoin soon.   BITCOIN CORRELATION: Prices broke critical support after the Terra Luna collapse and consolidated for 30 days before entering a true capitulation. I see a similar setup after the FTX […]

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TESLA UPDATE (possible crash)

Fri, 18 Nov 2022

Tesla Price on the Verge of Collapse?   The price chart of Tesla is on the edge of a cliff. Twitter haters may use TSLA shares as a bearish Proxy since they can no longer short the stock. Breaking below the 2021 lows could trigger a cascading decline.   Tesla Price Chart Below is the […]

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UPSIDE FOLLOW-THROUGH? 10:55 AM

Tue, 8 Nov 2022

  Today is election day in the US, so it’s best to take daily fluctuations with a pinch of skepticism. Nevertheless, if today’s upside follow-through holds, I’d consider it very bullish for precious metals.   -GDX- Gold miners are breaking out above the short-term trendline over significant dollar weakness. As I write, gold futures are […]

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INFLATION UPDATE 8:50 AM

Tue, 13 Sep 2022

  Headline CPI for August was just 0.1% sending the year-over-year rate to 8.3% from 8.5% in July. The Core measure of CPI disappointed to the upside, rising 0.6% in August versus the expected 0.3%. The year-over-year Core number increased to 6.3% from 5.9%, which is a significant problem for the Fed.   The odds […]

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GOLD UPDATE

Wed, 31 Aug 2022

    With gold futures slipping to $1725, it’s time to revisit the cycle count and potential scenarios for September.   GOLD CYCLE: Gold has been forming cycle lows every 40 to 44-trading days (blue arrows). What do all these lows have in common? Fed rate hikes. The next low should arrive around September 14 […]

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GOLD CYCLE UPDATE (BULLISH NEWS)

Sun, 24 Jul 2022

  One of the benefits of being in the markets as long as I have is the feeling of familiarity during various cycle phases. The current rout in precious metals has been swift, deep, and relentless. The last time I felt this was in 2018 when prices continued persistently lower despite steller fundamentals and deeply […]

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CPI REACHES 9.1%

Wed, 13 Jul 2022

  The annual inflation rate rose to 9.1%, surpassing the 8.8% estimate.   The odds for a 1.00% hike on July 27th have risen to 48.7% from 9.4% yesterday.   -GDX- Miners are forming a bullish engulfing candle after closing the gap at $26.00. It’s still early, but a close above $27.00 would be encouraging. […]

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QUICK DOW UPDATE

Fri, 20 May 2022

  -DOW- With Tesla finally cracking, I think we could now see an extremely sharp selloff. How prices close today could paint a picture for next week.   Note- Metals and miners could get dragged lower with the markets. I would view that as temporary and a long-term buying opportunity.  

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