Author: admin

ARE RETAIL TRADERS LOSING BATTLE IN SILVER

Tue, 2 Feb 2021

  Silver is under attack, and prices are back below the $27.00 level. Yesterday’s gap higher was closed, and prices are backtesting the intermediate trendline. What happens next is crucial!    A close below $26.00 would establish a false breakout and bearish reversal (favorite trick of manipulators). In this scenario, silver could collapse back towards $22.00, possibly […]

Continue Reading →

WEEKEND SILVER UPDATE

Sun, 31 Jan 2021

  Below is a snippet from a Bloomberg article I’m reading. It appears physical silver dried up over the weekend. Increased demand could push prices through $28.00 resistance and trigger a sharp rally next week.      Silver Coin Sites Grind to a Halt as Reddit Horde Takes Aim Retail sites were overwhelmed with demand […]

Continue Reading →

WEEKEND GOLD FORECAST JANUARY 31, 2021

Sun, 31 Jan 2021

  An epic battle between institutional and retail investors is unfolding in the shares of GameStop (GME). Prices finish the week 400% higher and are up over 1600% in January. Robinhood and Reddit advocates are exploiting a massive short position in the stock. The pressure is building and will likely continue into next week. It’s […]

Continue Reading →

GAMESTOP PRICES STILL CLIMBING 10:32 AM

Wed, 27 Jan 2021

  -GME- You’re not going to believe this, but GME is up another 80%+ after yesterday’s 92% gain. Prices are up 1400% in January! Short sellers are getting bloodied, making them have to buy at ever-higher prices. This is nothing more than a high-risk game of musical chairs – when the music stops (prices top), […]

Continue Reading →

TUESDAY GOLD FORECAST JANUARY 26, 2021

Tue, 26 Jan 2021

  The speculation in today’s market is incredible. Millennials seem to be the driving force behind these bubbles. They stampede from one hot-stock to the next, looking to get rich. Currently, they have their sights on Gamestop (GME). The stock was up 92% today and 685% in January.  -GME- The momentum traders have turned to […]

Continue Reading →

WEEKEND GOLD FORECAST JANUARY 24, 2021

Sun, 24 Jan 2021

  Gold remains stuck in consolidation/correction mode, and this can be frustrating to some investors. At times like this, it is crucial to remain focused on the long-term goal. Our primary forecast still expects a minimum target of $8500, likely by 2028.   The financial crisis that began in 2020 is far from over. It […]

Continue Reading →

WEEKEND GOLD FORECAST JANUARY 17, 2021

Sun, 17 Jan 2021

  Much of the stimulus money sent out to Americans has made its way into the stock market. This is creating the divergence we see between “the markets” and the “real economy.” The bubble in stocks could end badly, for some investors. In April 2020, the personal savings rate for Americans spiked to a record […]

Continue Reading →

GEORGIA SENATE UPDATE (THE RACE TIGHTENS)

Mon, 4 Jan 2021

  The Georgia Senate race has tightened to nearly a coinflip compared to the 68% to 35% reported Tuesday. If the Dems win both seats (currently 47% odds), that would change things from a divided government to one that’s united. The Dems, if in control, would increase spending and stimulus, but with that comes the potential […]

Continue Reading →

WEEKEND GOLD FORECAST DECEMBER 31, 2020

Thu, 31 Dec 2020

    I’ve grown a little bearish over the near-term, given the excessive bullishness I see in options buying and retail trading. High flyers like Tesla and Bitcoin are not driven by fundamentals, but by speculation and excess liquidity. This extreme risk-taking leaves the markets vulnerable to a sharp correction, in my opinion. It seems […]

Continue Reading →

US DOLLAR UPDATE

Wed, 30 Dec 2020

  -DOLLAR DAILY- I think the dollar is experiencing a meaningful devaluation. Prices are extremely overdue for a bounce, but the trend pushes persistently lower. The final area of support arrives at the 2018 low of 88.15. If that level fails, I believe the USD could collapse to 80 by April/May 2021. -DOLLAR MONTHLY- We […]

Continue Reading →