The W-bottom in miners, silver, and platinum is remarkably similar to what transpired in late 2015 and early 2016 as we started a new Fed rate hiking cycle. The correlation may hold some good news and the potential for an explosive rally starting soon in precious metals. GDX 2015 & 2016: We […]
Continue Reading →There will be no Thursday report due to Thanksgiving. Markets close at 1:00 PM on Friday. TUESDAY GOLD FORECAST NOVEMBER 23, 2021 I see the potential for increased volatility surrounding tomorrow’s economic reports. The FOMC minutes come out at 2 PM. https://www.marketwatch.com/economy-politics/calendar Vaccine Effectiveness According to Public Health […]
Continue Reading →HYMC UPDATE On April 3, 2021, I featured Hycroft Mining as a top 10-speculative stock. At the time, it was trading at $3.95 with a $237-million market cap (chart below). With a market cap now of just $63-million and with approximately $150-million in debt, they are technically insolvent. Their only hope of […]
Continue Reading →HAPPY VETERANS DAY In this report, I cover a potential meme stock that meets 4 of my 6 moonshot criteria. I bought a little today for the Metals Portfolio, and I will release this information publicly tomorrow – Gold Predict insiders are getting the first-mover advantage. Meme Stock […]
Continue Reading →Gold prices have languished after spiking to new all-time highs in 2020. The Fed’s transitory inflation story is dead, as inflation spikes to 30-year highs. Some estimate the Fed’s favorite measure of inflation (PCE) could double from 3.5% to around 7.0% in 2022. Gold’s Bumpy Road Being a gold investor […]
Continue Reading →Below is a quick update on crypto and gold. According to Bloomberg, Yesterday’s flash-crash in crypto was triggered on the Binance exchange. Below is a chart and snippet from said article (link below). https://www.bloomberg.com/news/articles/2021-10-21/bitcoin-appears-to-crash-87-on-binance-in-apparent-mistake?cmpid=BBD102121_CUS&utm_medium=email&utm_source=newsletter&utm_term=211021&utm_campaign=closeamericas Bitcoin Crashed 87% on Binance’s U.S. Exchange Due to Algo Bug The price of […]
Continue Reading →Metals and miners continue to steady after forming September lows. Continued upside into November would be bullish. I see the potential for a buy rumor and sell the news event regarding the long-awaited bitcoin ETF. Bitcoin prices spiked lower this morning. Not sure if it was a glitch or actual selling. Either way, it […]
Continue Reading →China declares all crypto-currency transactions illegal Below is a snippet from the above article. China’s central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, warning it “seriously endangers the safety of […]
Continue Reading →BARRICK GOLD 3-YEAR CYCLE: The 3-year cycle in Barrick Gold (GOLD) seems to set critical turning points every third September. With prices steadily declining for the past 12-months, the odds support a potential bottom brewing in the following days. Perhaps Wednesday’s Fed decision will force a low (possible spike low). From a technical […]
Continue Reading →GDX 15-MONTH CHART: If GDX stays above $33.00 in September, I see the potential for a Double Bottom (March/August 2021). An advance above $40.00 would confirm a bullish breakout and support new highs in 2022. GDX 8-MONTH CHART: Ending the week above $33.00 would be bullish. However, stiff resistance lies just ahead at […]
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