Author: admin


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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Fri, 20 Sep 2019

  At the beginning of a bull market silver commonly lags gold prices – that’s nothing new. The lag lasts about a year before silver goes on an epic run to catch its big brother. The breakout in gold above $1400 started the countdown to an explosive move in silver that could begin later this […]

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Gold – The $1490 Level Is Critical (free update)

Tue, 17 Sep 2019

  Gold futures are holding support around $1500 ahead of tomorrow’s Fed decision. Our intermediate cycle work supports a correction into October or November. A breakdown below $1490 in gold futures would signal the next leg lower in precious metals. Intermediate corrections are natural. In gold, prices tend to bottom about every 6-months (give or […]

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Gold Forecast – Preparing For An Autumn Low

Fri, 13 Sep 2019

  Gold futures are trying to hold support near $1500 ahead of next weeks Fed announcement. Our intermediate forecast supports a pullback into October/November. A backtest of the $1380 breakout area could become one of the last great buying opportunities.  Sometimes one chart can some up years of commentary. For an eagles-eye view, I prefer the […]

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Gold – The Next Great Buying Opportunity (free update)

Mon, 9 Sep 2019

  Gold confirmed a new bull market in June 2019. The current cycle likely peaked last week after surging nearly $300 since May. Next, we should get a multi-week correction into October/November and perhaps a backtest of the breakout area surrounding $1380.   COMMITMENT OF TRADERS: The commercials (smart money) are positioned heavily against gold […]

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Sun, 25 Aug 2019

  The trade war between the U.S. and China escalated Friday when China announced new tariffs on $75 billion of U.S. goods. Trump retaliated and ordered U.S. companies to find an “alternative” to operating in China. Later, President Trump announced he would raise tariffs on $250-billion of Chinese imports from 25% to 30% starting October […]

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Tue, 20 Aug 2019

  Gold and silver remain rangebound after last Tuesday’s outside reversal days. Each needs progressive closes below the 10-day EMA to verify a top. Miners formed swing lows, and prices are bouncing. If prices peaked as I suspect, then this rebound should conclude within then next 1-3 trading days. A rally that finishes above the […]

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Gold Prices – The Big Picture

Mon, 19 Aug 2019

  With gold confirming a new bull market, it’s time to step back and look at the big picture. Using technical analysis, I’ll provide potential price objectives for the next decade. It seems each decade has an investment theme that favors one asset class over another. What performed well over the last decade generally underperforms […]

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Sun, 18 Aug 2019

  Recession fears are spiking. The 10-year versus 2-year yields reached parity (temporarily inverted) for the first time since 2007. An inverted yield curve almost always precedes a recession. However, it’s usually early – sometimes a year passes before the recession officially commences. The panic into bonds drove 30-year rates to record lows. The nosedive […]

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Tue, 13 Aug 2019

  Gold probed the upper limit of the resistance band between $1525 – $1550 reaching $1546.10 this morning before falling apart. Futures collapsed to $1488.90 by 10 AM and prices are bouncing. Yesterday’s breakout above $1525, followed by today’s dynamic reversal supports an interim top. Silver reached $17.49 before collapsing to $16.51 intraday. The short-term […]

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