Category: Free Updates

Must Hold Bullish & Bearish Price Levels for Gold and Miners

Fri, 9 Jul 2021

    Gold Forecast – Must Hold Bullish & Bearish Price Levels for Gold and Miners   Metals and miners continue to climb a wall of worry out of their June lows. In this update, I provide key prices levels to monitor into August. Overall, our long-term outlook remains firmly bullish.   Red Flag or […]

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CYBERATTACK UPDATE

Wed, 2 Jun 2021

  Cyberattacks are becoming more prevalent. A few weeks ago, bad actors attacked the Colonial pipeline and now the largest meat supplier in the U.S. I believe these attacks on infrastructure and the food supply will continue. We are no longer dealing with tech-savvy hackers living in their mom’s basement. These hacks are sophisticated and perpetrated by Artificial Intelligence. […]

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BITCOIN UPDATE 9:48 AM

Wed, 19 May 2021

  Bitcoin Update – Prices Should Find Support Around $30,000   Bitcoin has seen a wild ride, losing over 50% from its April $65,520 high. The recent plunge appears almost over, and we see firm support surrounding $30,000. Our 2021 outlook expects new highs and an advance to $90,000+ by year-end.   TECHNICAL OUTLOOK Bitcoin […]

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THURSDAY GOLD FORECAST APRIL 15, 2021

Thu, 15 Apr 2021

    After a prolonged decline, gold miners continue to show signs of strength.  The charts below support an intermediate breakout and a renewed uptrend in precious metals.  If gold bottomed, as defined, it should stairstep its way back towards the $2000 level over the coming weeks/months.      If you’re new to precious metals, […]

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BULLISH RECOGNITION DAY IN MINERS?

Thu, 15 Apr 2021

    -GDX- We may (finally) be getting the long-awaited bullish recognition day in miners. To strengthen this view, I’d like to see a stable close above $36.00.   -NEM- We are getting a robust move in Newmont above the March high as well as the intermediate trendline. By all measures, it looks like a […]

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GDX UPDATE (POSSIBLE BOTTOM) 8:45 AM

Thu, 11 Mar 2021

  Building off last night’s GDX update, I wanted to point out additional similarities between 2016 and now.  GDX 2016 CORRECTION: After a very sharp rise in 2016, miners entered a multi-month corrective phase. The 2020 pattern is following a similar path and could confirm a bottom soon.  Note: The third and final breakdown (below […]

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WEEKEND GOLD FORECAST FEBRUARY 21, 2021

Sun, 21 Feb 2021

  The gold cycle indicator finished the week at 11. It dipped briefly to zero on Friday when gold reached $1759, but prices recovered before the US open. Consequently, we never reached an official zero reading during normal trading hours.    In this week’s newsletter, I’ll cover the Fed, Interest Rates, and Asset Bubbles briefly.  […]

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GOLD NEARING PRE-COVID HIGHS

Thu, 18 Feb 2021

  Gold has been in a downtrend since August 2020. Investors are turning bearish, and we could see a selling climax in the coming days. Our gold cycle indicator is near its maximum bullish reading, and we expect a bottom forthwith.   It’s important to note that gold is approaching its pre-Covid (February 2020) high […]

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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 […]

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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 […]

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