Bigger picture – we have a sharp decline in Money Flows (MFI above) out of the 45-day cycle bottom. Price and MFI would have to blast higher to break the growing negative divergence. Prices haven’t gone anywhere since the December 19th Fed spike. The MACD (below) is softening and would require a sharp boost […]
Continue Reading →Next week is shaping up to be pivotal. Wednesday’s FOMC announcement will set the tone. Market participants will be looking for guidance concerning interest rates and balance sheet reductions. From a cyclical and technical perspective, metals and miners are in the ideal position to form intermediate tops next week. Key resistance in gold arrives […]
Continue Reading →-GDX DAILY CHART- Way too soon to tell, but we could get a cycle low on the 45-trading day if prices hold the 50-day EMA and generate a swing low. In tonight’s report, I’ll cover potential price targets. I’ll be monitoring how prices close, and the buying/selling numbers (volume). I’m off to an appointment […]
Continue Reading →As I explained in the weekend newsletter, today marks the 45th day of the cycle. We’ve seen cycle turning points roughly every 42 – 47 trading days. I’ll be on the lookout for a potential interim low between now and Wednesday.
Continue Reading →Big picture time for gold. It’s easy to get lost in the daily and weekly gyrations and lose sight of the broader perspective. Gold enjoyed a healthy uptrend for over a decade before peaking in 2011 and entering a bear market. Prices began a sideways chop starting in 2013, and trading has been difficult. […]
Continue Reading →Gold and silver remain in their short-term consolidations. Miners may be forming small bear flags at the 200-day MA. Overall, Gold bottomed five months ago, and the intermediate trend is mature. Prices should be close to starting their decline into the next six month low. Provided, the 6-month cycle is still valid…which is up […]
Continue Reading →Metals and miners are consolidating. I’m still waiting for prices to break in either direction. Below is a member comment I wanted to share. Comment: Thank you SO MUCH for your report ending comments. Finally a highly educated and experienced investment professional clearly confirmed what I had surmised the past 18-months. Many professional traders have […]
Continue Reading →Today, I wanted to take a look at the bigger picture and consider certain trends we may see over the next decade. Jim Puplava from Financial Sense thinks the next decade may favor tangible assets and commodities, I agree. I think deflationary pressures are waning and we are transitioning into an inflationary period. Major […]
Continue Reading →Fairly uneventful day. I’m studying correlated and uncorrelated assets to get a better view of where we are in the economy. I need to look deeper into bonds and interest rate differentials for clues. That’s what I’m working on tonight. -GDX VOLUME STUDY- On Balance Volume and MFI support a topping process instead […]
Continue Reading →Interim tops remain possible in metals and miners. Gold and silver are yet to form swing highs, so we remain in the proving phrase. Miners need to close progressively beneath their 200-day MA’s to support a top and interim pullback. -GDXJ- Juniors are trading lower, but they need to close progressively below the […]
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