I think metals and miners are approaching a cycle top. Silver has been leading gold higher, and that often happens at the end of an intermediate-term advance. To extend the current advance, gold would have to break decisively above $1800 and silver above $21.23 (the 2016 high). With the stock market’s rebounding, fear and […]
Continue Reading →The market meltdown in March skewed the cycle for gold. Initially, I expected a cycle low at the end of May. Now, I think the sequence may be inverting, and we could get a top at the end of May instead. I’ll be on the lookout for a marginal break above the April $1788.80 […]
Continue Reading →The stock market continues to price in a V-shaped recovery, which I find very unlikely. More and more companies are filing for bankruptcy every week, and I see that trend continuing. The destruction to the economy will likely take one to two years to fully realize. What we are witnessing is something called creative […]
Continue Reading →The Educational Metals Portfolio is a long-term accumulation strategy designed to reduce trading stress and improve long-term gains. The Educational Metals Portfolio is for informational purposes only and should not be construed as a solicitation or offer to buy or sell any financial instrument. Consult a licensed and qualified professional before making any investment […]
Continue Reading →-GDX- Miners are at critical resistance. Prices closed above the gap and above the $25.50 level, but below the 50-day EMA. If this is a convincing rebound, as I suspect, then prices should turn lower by tomorrow or Friday. A powerful surge above the 200-day would imply a breakout, and I’d consider a long position. […]
Continue Reading →The urge to jump into gold and miners may be overwhelming for some investors. I suggest caution as the first wave of bottom pickers usually regret their decision. I’ve been doing this for a while, and I’ve seen massive swings in precious metals. Through experience, I learned to be patient and to wait for […]
Continue Reading →Several miners and silver companies are rallying or near positive territory despite sharply lower precious metals (paper price). Premiums on bullion have jumped. I want to see if the morning boost is just a gap fill or real demand. It was a long scary weekend for people. So, if it’s just retail traders freaking […]
Continue Reading →In an unexpected move ON Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero (was 1.00%) and will be launching a new round of quantitative easing. The QE program will provide $500-billion worth of asset purchases, including Treasury’s and mortgage-backed securities. It’s unclear what this will do to the […]
Continue Reading →Last week will go down in the history books as one of the most violent and volatile weeks in stock market history. I hope you survived it. Precious metal prices collapsed throughout the week, especially on Friday. I’m curious to see next week’s COT report. I bet the commercials reduced their short positions dramatically. […]
Continue Reading →As we head into the weekend, I want to give you something to think about. What’s going on right now? There is a worldwide pandemic, and volatility is at 33-year highs. What do people do whenever fear is high? They rush to precious metals! Human nature is very predictable. What is insanely cheap […]
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