THE TALE OF TWO CYCLES We currently sit in a precarious position regarding the cycles I follow. The intermediate (6-month) gold cycle is the primary mechanism behind roughly 70% of our timing decisions and therefore a vital component of our system. Our medium-term outlook has fluctuated between bullish and bearish the last few weeks and […]
Continue Reading →THE TECHNICAL BREAKDOWN IN GDX The senior mining ETF has officially broken the “NECKLINE” I often referred to in my updates. It looks like prices are headed to perhaps the $20.00 level before they will generate a bounce. If the bounce is unable to retake the neckline ($22.50), then prices will drop to my head-and-shoulder […]
Continue Reading →Things are looking rather poor at the moment for metal miners as the bearish scenario gains momentum. However, this scenario won’t be confirmed in miners until prices break below the neckline in GDX and the HUI. Then prices need to remain below the neckline during any bounce/rally for roughly 10-trading days. The senior mining […]
Continue Reading →I might buy a little DUST if prices manage close above the trendline. Buying right now would require a stop below today’s low of $31.50 and that equates to a 20% risk; too high for me without a breakout. IF GDX drops to the bearish scenario target of $15.00-$16.00 (just a possibility right now […]
Continue Reading →THE BEARISH HEAD-AND-SHOULDER TOP IN MINERS I think we can safely say we have our line in the sand. If prices drop below $23.43, they will likely break beneath the $22.50 neckline and continue to around $20.00 before bouncing. IF the bounce is unable to retake the $22.50 level (neckline), prices will drop to […]
Continue Reading →Trading is still dangerous until gold takes out $1,337-$1,348 and therefore invalidating the correlation pattern between the 2000 chart and now. Miners are going to gap up sharply this morning, and I would consider waiting for better prices or a pullback to enter positions. I don’t see this as a time to be fully […]
Continue Reading →Early polling shows key victories for Trump in Florida, Ohio, and North Carolina. With close races in Virgina and Pennsylvania. Wisconsin has unexpectedly turned Republican, and Michigan slightly favors Trump. These numbers give Trump a significant lead. Gold traded down to $1,267 and is now rallying sharply (currently $1,328), it may reach $1,400 this […]
Continue Reading →Tonight’s election results and tomorrow’s response will likely determine where gold and silver are headed for the balance of the year. A strong rally tomorrow and we can probably take the head-and-shoulder topping pattern off the table for GDX and HUI. Whereas, a significant decline tomorrow will boost the odds of an even further […]
Continue Reading →I’d like to take a moment to explain the bearish possibility I laid out in the November update. A few members were surprised, feeling that I had somehow grown pessimistic. I assure you that is not the case. Pessimism implies a personal bias based on individual emotions. I learned a long time ago that […]
Continue Reading →In 2016 our service moved away from emailed reports to our current website with an article archiving provision. We upgraded the site to include the current member data center with enhanced color codes. Prices were reduced during this transition period, and membership fees will normalize in 2017. 2017 Rates: 1-Year Premium- First year $199.95, […]
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