Category: Free Updates

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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WEEKEND GOLD FORECAST JANUARY 31, 2021

Sun, 31 Jan 2021

  An epic battle between institutional and retail investors is unfolding in the shares of GameStop (GME). Prices finish the week 400% higher and are up over 1600% in January. Robinhood and Reddit advocates are exploiting a massive short position in the stock. The pressure is building and will likely continue into next week. It’s […]

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TUESDAY GOLD FORECAST JANUARY 26, 2021

Tue, 26 Jan 2021

  The speculation in today’s market is incredible. Millennials seem to be the driving force behind these bubbles. They stampede from one hot-stock to the next, looking to get rich. Currently, they have their sights on Gamestop (GME). The stock was up 92% today and 685% in January.  -GME- The momentum traders have turned to […]

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WEEKEND GOLD FORECAST JANUARY 24, 2021

Sun, 24 Jan 2021

  Gold remains stuck in consolidation/correction mode, and this can be frustrating to some investors. At times like this, it is crucial to remain focused on the long-term goal. Our primary forecast still expects a minimum target of $8500, likely by 2028.   The financial crisis that began in 2020 is far from over. It […]

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WEEKEND GOLD FORECAST JANUARY 17, 2021

Sun, 17 Jan 2021

  Much of the stimulus money sent out to Americans has made its way into the stock market. This is creating the divergence we see between “the markets” and the “real economy.” The bubble in stocks could end badly, for some investors. In April 2020, the personal savings rate for Americans spiked to a record […]

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WEEKEND GOLD FORECAST DECEMBER 31, 2020

Thu, 31 Dec 2020

    I’ve grown a little bearish over the near-term, given the excessive bullishness I see in options buying and retail trading. High flyers like Tesla and Bitcoin are not driven by fundamentals, but by speculation and excess liquidity. This extreme risk-taking leaves the markets vulnerable to a sharp correction, in my opinion. It seems […]

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