The nonfarm payroll numbers were less than expected. Therefore, prices didn’t fall as much as I thought on Friday. It’s still unclear if the biannual cycle’s bottomed in late July or if the low is still ahead of us. The Fed meets in two weeks, and I expected a September low to come either just […]
Continue Reading →The S&P 500 could be producing a broadening top type formation, If so prices could accelerate downward quickly. The black hat with immediate confirmed swing high has marked several tops lately, did it do it once again? If not a significant top then price Is just correcting down to the 10-day average before heading […]
Continue Reading →With the Dollar continuing higher into Friday, it greatly increases the probability that Gold, Silver and the Miners have topped in their Biannual cycles. If this does turn out to be the case, the Gold gained a meager $90 from its March Biannual low, unimpressive to say the least. We lack a few confirmations, but […]
Continue Reading →-GOLD QUARTERLY- I often get asked If I believe the 3+ year correction is over in Gold and Silver. To me, a confirmation that the Bull market has resumed will be a close above the 10 Quarter Moving average. In the chart below you’ll see how Gold closed above the 10 (EMA) in 2001 & […]
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