Author: admin

THURSDAY REPORT SEPTEMBER 14, 2023

Thu, 14 Sep 2023

    When I look at precious metals, I see the potential for a decisive breakout starting any day.   One potential trigger could be a UAW strike, which could tip the economy into recession.   If the Fed surprises markets and hikes in September or November, we could get one final flush out in […]

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GOLD MINERS (GDX) UPDATE

Wed, 5 Apr 2023

      We should know within the next few trading days if gold intends to breakout above $2080 and rally to new all-time highs.    I’ll be watching gold miners closely for clues. Below are my current thoughts on GDX.     -GDX- The top panel shows MFI is near-term overbought (blue arrows). A […]

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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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