Gold spiked to $1613.30 over geopolitical concerns before reversing on Wednesday. It looks like the trend is finally taking a breather. INTERMEDIATE TREND: We are about 2-months into the current 6-month cycle. The trend should remain higher into February and likely March before peaking. Depending on when/where prices peak, I don’t expect the next […]
Continue Reading →Gold confirmed a new bull market in 2019, but most investors remain distracted. Record low gold eagle coins sales support a psychological turning point in 2020. I’ve made a living being a contrarian investor. The underlying principle is straightforward: Figure out what the public is doing/not doing and do the opposite. Why – because […]
Continue Reading →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 […]
Continue Reading →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 […]
Continue Reading →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 […]
Continue Reading →Cycles & Terminology I remember when I first discovered cycles – it was like a lightbulb went off, and everything started to make sense. I learned that if you can find the natural rhythm of a financial asset, then timing that market gets a lot easier. For example, if a stock or commodity […]
Continue Reading →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 […]
Continue Reading →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. […]
Continue Reading →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 […]
Continue Reading →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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