The miners appear to have broken down today; the final move lower should be underway. As the formation develops, we will refine our targets and timeframe. I will advise members when I begin to enter positions. -US DOLLAR- Prices bounced off the 10-day EMA and are attempting another push higher. -YEN CHART- The […]
Continue Reading →Prices may be setting up for a sharper decline than I previously expected. Prices breaking below the 211 level could send things lower quickly. -SPY- Similar to the gold setup a few weeks ago if prices break below recent support (211) prices could move sharply lower. Median target would become 204.50 on a confirmed […]
Continue Reading →Metals and miners can’t seem to get enough traction for a bounce and may be setting up to break lower sooner than I expected. If prices drop next week, I’ll be watching for signs of a bottom and reversal. One more drop should complete the intermediate-term decline, and a new up cycle will likely […]
Continue Reading →There is a lot to cover in the Weekend Newsletter, so let’s get started. Technically speaking precious metals and miners have dropped far enough to form an intermediate cycle low. Several indicators are deeply oversold, and sentiment is turning bearish. These factors suggest a meaningful bottom could form around these levels. However, the Japanese […]
Continue Reading →Gold Is Entering The Buy Zones Gold, silver and miners are quickly approaching their respective buy zones. Moreover, an exceptional bottom is rapidly approaching. The move down into an intermediate cycle low is often terrifying. Investors that are unfamiliar with cycles are caught off guard by the sharp moves, and suddenly, turn bearish. Instead of […]
Continue Reading →Well, we finally got the breakdown in prices we were looking for. There was tremendous progress achieved today; this will likely to push forward the intermediate-term bottom from November to October. With the huge drop toady, prices are at or on the verge of becoming oversold. I still think we will descend a bit […]
Continue Reading →Gold Prices: Looking Like A November Bottom Our works suggest that gold, silver, and miners are approximately 6-weeks away from making a significant low. Originally we anticipated an intermediate degree bottom in late September. However, prices churned sideways through all of August and September subsequently postponing The Next Great Buying Opportunity. The price […]
Continue Reading →Gold, Silver, and Miners are moving within a larger correction pattern, and prices will eventually break lower. I wanted to spend some time explaining why I continue to look lower in precious metal prices. The majority of the Thursday report will be spent illustrating the positive correlation between the Japanese Yen and gold prices. […]
Continue Reading →I sometimes look at the money flows for clues regarding potential turning points in price. These numbers aren’t always accurate, but scores of buying or selling can influence short-term market direction. Three of the last six trading days had moderate selling into strength numbers pop up in miners. This action supports prices dropping a […]
Continue Reading →Our Buy Zone analysis is on track. The next signpost we are waiting for is a price break of the recent common cycle lows. When that occurs, I expect selling pressure to intensify, and prices should finally enter the upper portion of the Buy Zones. Once in the Buy Zones, I will do my […]
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