Author: admin

GDX UPDATE

Fri, 3 Sep 2021

  GDX 15-MONTH CHART: If GDX stays above $33.00 in September, I see the potential for a Double Bottom (March/August 2021). An advance above $40.00 would confirm a bullish breakout and support new highs in 2022.   GDX 8-MONTH CHART: Ending the week above $33.00 would be bullish. However, stiff resistance lies just ahead at […]

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GOLD CYCLE UPDATE

Thu, 19 Aug 2021

  The intermediate cycle in gold (chart below) has formed turning points roughly every 128-calendar days (4.2-months). That cycle just turned again, triggering an intermediate low on August 9, 2021. Gold must now stay above that low to prevent a breakdown to the $1500 to $1550 area.   KEY PRICE LEVELS A sustained breakdown (more […]

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QUICK GOLD UPDATE

Fri, 13 Aug 2021

  Gold prices stabilized after spiking below $1700 early in the week. A close on Friday above $1760 could trigger a bullish reversal and a potential double bottom.   Before we jump into the weekend, I wanted to mention the weekly chart of gold.   GOLD WEEKLY: A close above $1760 on Friday would create […]

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Must Hold Bullish & Bearish Price Levels for Gold and Miners

Fri, 9 Jul 2021

    Gold Forecast – Must Hold Bullish & Bearish Price Levels for Gold and Miners   Metals and miners continue to climb a wall of worry out of their June lows. In this update, I provide key prices levels to monitor into August. Overall, our long-term outlook remains firmly bullish.   Red Flag or […]

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CYBERATTACK UPDATE

Wed, 2 Jun 2021

  Cyberattacks are becoming more prevalent. A few weeks ago, bad actors attacked the Colonial pipeline and now the largest meat supplier in the U.S. I believe these attacks on infrastructure and the food supply will continue. We are no longer dealing with tech-savvy hackers living in their mom’s basement. These hacks are sophisticated and perpetrated by Artificial Intelligence. […]

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BITCOIN UPDATE 9:48 AM

Wed, 19 May 2021

  Bitcoin Update – Prices Should Find Support Around $30,000   Bitcoin has seen a wild ride, losing over 50% from its April $65,520 high. The recent plunge appears almost over, and we see firm support surrounding $30,000. Our 2021 outlook expects new highs and an advance to $90,000+ by year-end.   TECHNICAL OUTLOOK Bitcoin […]

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GDX UPDATE 12:48 PM

Mon, 3 May 2021

  Metals and miners are on the move, and it looks like the 40-day cycle bottomed in line with our expectations. We should be starting a new 40-day cycle higher. The next low isn’t due until late June, so we have some room to run. I’d like to see a 5%+ bullish recognition day in […]

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THURSDAY GOLD FORECAST APRIL 15, 2021

Thu, 15 Apr 2021

    After a prolonged decline, gold miners continue to show signs of strength.  The charts below support an intermediate breakout and a renewed uptrend in precious metals.  If gold bottomed, as defined, it should stairstep its way back towards the $2000 level over the coming weeks/months.      If you’re new to precious metals, […]

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BULLISH RECOGNITION DAY IN MINERS?

Thu, 15 Apr 2021

    -GDX- We may (finally) be getting the long-awaited bullish recognition day in miners. To strengthen this view, I’d like to see a stable close above $36.00.   -NEM- We are getting a robust move in Newmont above the March high as well as the intermediate trendline. By all measures, it looks like a […]

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MORNING GOLD UPDATE 9:14 AM

Fri, 9 Apr 2021

GOLD 4-HOUR CHART: Gold (currently $1732.80) was unable to break above resistance surrounding $1760 on the first attempt. Prices are pulling back and should find support between $1720 – $1740. It would take a sustained breakdown below $1715 to propose a deeper pullback. Otherwise, I’ll look for prices to stabilize and prepare for the next […]

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