Author: admin

CLOSING UPDATE

Wed, 25 Mar 2020

-GDX- Miners are at critical resistance. Prices closed above the gap and above the $25.50 level, but below the 50-day EMA. If this is a convincing rebound, as I suspect, then prices should turn lower by tomorrow or Friday. A powerful surge above the 200-day would imply a breakout, and I’d consider a long position. […]

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BE CAREFUL PICKING A BOTTOM

Tue, 17 Mar 2020

  The urge to jump into gold and miners may be overwhelming for some investors. I suggest caution as the first wave of bottom pickers usually regret their decision.  I’ve been doing this for a while, and I’ve seen massive swings in precious metals. Through experience, I learned to be patient and to wait for […]

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MORNING CRASH UPDATE 10:55 AM

Mon, 16 Mar 2020

  Several miners and silver companies are rallying or near positive territory despite sharply lower precious metals (paper price). Premiums on bullion have jumped. I want to see if the morning boost is just a gap fill or real demand. It was a long scary weekend for people. So, if it’s just retail traders freaking […]

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FED CUT RATES OVER THE WEEKEND

Sun, 15 Mar 2020

  In an unexpected move ON Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero (was 1.00%) and will be launching a new round of quantitative easing. The QE program will provide $500-billion worth of asset purchases, including Treasury’s and mortgage-backed securities. It’s unclear what this will do to the […]

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SUNDAY NEWSLETTER MARCH 15, 2020

Sun, 15 Mar 2020

  Last week will go down in the history books as one of the most violent and volatile weeks in stock market history. I hope you survived it. Precious metal prices collapsed throughout the week, especially on Friday. I’m curious to see next week’s COT report. I bet the commercials reduced their short positions dramatically. […]

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MARKET CRASH UPDATE

Fri, 13 Mar 2020

  As we head into the weekend, I want to give you something to think about.   What’s going on right now? There is a worldwide pandemic, and volatility is at 33-year highs. What do people do whenever fear is high? They rush to precious metals! Human nature is very predictable. What is insanely cheap […]

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FRIDAY GOLD UPDATE

Fri, 13 Mar 2020

  I’m not sure which is more contagious right now, COVID-19, or the panic sweeping the markets. Currently, fear has a decisive lead.    Fear is Contagious Never in human history has news traveled so fast. Social media spreads fear at the speed of light. Naturally, when confronted with a potentially harmful outcome, humans ALWAYS expect the […]

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MARKET CRASH UPDATE 8:55 AM

Mon, 9 Mar 2020

Get ready for a volatile week!   On Sunday, OPEC announced they could not reach an agreement, and Saudi Arabia slashed prices initiating an all-out price war. Oil prices plummeted over 20%, achieving a low of $27.00 overnight (currently $31.50). The 10-Year Treasury yield crashed to 0.38% and is currently trading around 0.46%. Unbelievable! The […]

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WEEKEND NEWSLETTER MARCH 8, 2020

Sun, 8 Mar 2020

  The markets are crazy, and volatility is spiking. Everyone now understands the coronavirus is a black swan type event that could potentially result in a global recession. I see two potential outcomes. 1) The coronavirus begins to fade after April with the warmer weather and is no longer a threat by July/August. This would […]

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AFTERNOON UPDATE 12:50 PM

Fri, 6 Mar 2020

  The Markets Continue to Thrash About, Volatility Jumps   *Earlier today, OPEC announced they were unable to reach an agreement. Oil prices plunged and are down over 8%. *Gold spiked to $1690.70 on the better-than-expected payroll numbers (273,000 vs. 165,000) before reversing sharply after 10:00 AM. Prices plunged t0 $1642.40 before bouncing (currently $1665). […]

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