Author: admin

US Retail Gold Sales at Record Lows

Sun, 8 Dec 2019

  In 1986 the US mint began producing gold eagles. Below are the total gold ounces sold each year. In 2006, they began striking 1oz gold buffalo coins in addition to standard eagles. The numbers starting in 2006 reflects eagles and buffalo mintages combined. These numbers are from the US mint website and Wikipedia. I […]

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WEEKEND REPORT DECEMBER 8, 2019

Sun, 8 Dec 2019

  The first half of the weekend report (below) will cover the usual content. The second half will examine US retail gold sales; I think you’ll find it interesting. WEEKEND REPORT DECEMBER 8, 2019   Get ready for an exciting week. There’s zero chance the Fed will change rates in December. The December 15th tariff […]

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TUESDAY REPORT DECEMBER 3, 2019

Tue, 3 Dec 2019

  In the October 31st report, I mentioned how gold had been forming interim highs/lows in the opening days of a new month. Gold peaked the very next day (November 1st), and the dropped to $1446.20 by November 12th. Well, we are in the timing window for another reversal – what happens over the next 2-3 days […]

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WEEKEND REPORT NOVEMBER 24, 2019

Sun, 24 Nov 2019

  Overall, metals and miners are progressing as expected into their 6-month lows. I expect a bottom in the first two weeks of December.  One point of contention is the current COT status. I was hoping commercial shorts would be closer to 200k by now. Instead, they added 17,627 contracts last week for a new […]

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THURSDAY REPORT NOVEMBER 21, 2019

Thu, 21 Nov 2019

  The stage is set – metals and miners are positioned for a final decline into early December. All we need is a little downside follow-through tomorrow or early next week. The Gold Cycle Indicator closed at 107. If we get one more dip, the GCI should approach the 50 level and maximum bottoming. If […]

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GOLD CYCLE INDICATOR

Wed, 20 Nov 2019

  Our proprietary Gold Cycle Indicator (GCI) was designed to help navigate the 6-month cycle in gold. The numerical value in the center of the gauge ranges from 0 – 450, and rises and falls with the price of gold. A high number supports conditions ripe for a top – a low number, a bottom.  […]

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TUESDAY REPORT NOVEMBER 11, 2019

Tue, 12 Nov 2019

  I’m leaving tomorrow for a 2-day trip. Internet access and email will be limited. There will be no Thursday report. I return Friday and will update Plus and Premium members before the close.   Gold futures slipped to a low of $1446.20 before prices began to bounce. Gold is back up to $1457 as […]

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THURSDAY REPORT OCTOBER 31, 2019

Thu, 31 Oct 2019

  Gold declined to $1483.10 after yesterday’s 2:00 PM Fed announcement and then suddenly reversed at 2:40 PM. Futures are trading around the $1515 level as I write. Primary levels of resistance remain between $1520 – $1545.  The dollar is breaking lower from the bear flag, and prices are approaching the lower support boundary. A […]

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TUESDAY REPORT OCTOBER 15, 2019

Tue, 15 Oct 2019

  Gold futures continue to work their way lower after peaking in September. The topping process appears complete, and the next wave of selling could begin any day. I went over the 4-stages of an intermediate correction in the Weekend Newsletter. Today, I’d like to revisit gold’s cyclical nature.  If you study the markets long […]

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WEEKEND REPORT OCTOBER 13, 2019

Sun, 13 Oct 2019

  On Friday, the Trump administration announced a partial trade deal with China. I think this was the news event we need to trigger the next phase of the decline in metals and miners. The correction process into a 6-month low is usually involved — more times than not, its an exercise in patience. Typically […]

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