Category: Free Updates

THURSDAY REPORT MAY 23, 2024

Thu, 23 May 2024

  Metals and miners completed swing highs, and prices are correcting into June cycle lows.  I’ve drawn preliminary target boxes and will adjust higher or lower as this decline materializes.  Once prices bottom, I expect a powerful rally through July and into August; the potential in silver is striking.        The Gold Cycle […]

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THURSDAY REPORT SEPTEMBER 14, 2023

Thu, 14 Sep 2023

    When I look at precious metals, I see the potential for a decisive breakout starting any day.   One potential trigger could be a UAW strike, which could tip the economy into recession.   If the Fed surprises markets and hikes in September or November, we could get one final flush out in […]

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GOLD MINERS (GDX) UPDATE

Wed, 5 Apr 2023

      We should know within the next few trading days if gold intends to breakout above $2080 and rally to new all-time highs.    I’ll be watching gold miners closely for clues. Below are my current thoughts on GDX.     -GDX- The top panel shows MFI is near-term overbought (blue arrows). A […]

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WEEKEND NEWSLETTER MARCH 11, 2023 (SVB FAILURE)

Sat, 11 Mar 2023

    Silicon Valley Bank (SVB) collapsed after experiencing an old-fashioned bank run.  It started Wednesday when the bank tried to raise $2.25 billion in equity to shore up its balance sheet. Customers panicked and withdrew a staggering $42 billion – making them insolvent.  The FDIC took over operations Friday, and SVB became the second-largest […]

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WEEKEND NEWSLETTER JANUARY 8, 2022 (BIG PICTURE REVIEW)

Sun, 8 Jan 2023

    At the beginning of the year, I like to review my 10-year strategy. I believe the 2020s will be great for commodities and not so good for the stock market.     Best Performing Assets Each decade has its investment theme and a best-performing asset. The asset that did best in the last […]

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TESLA UPDATE (possible crash)

Fri, 18 Nov 2022

Tesla Price on the Verge of Collapse?   The price chart of Tesla is on the edge of a cliff. Twitter haters may use TSLA shares as a bearish Proxy since they can no longer short the stock. Breaking below the 2021 lows could trigger a cascading decline.   Tesla Price Chart Below is the […]

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UPSIDE FOLLOW-THROUGH? 10:55 AM

Tue, 8 Nov 2022

  Today is election day in the US, so it’s best to take daily fluctuations with a pinch of skepticism. Nevertheless, if today’s upside follow-through holds, I’d consider it very bullish for precious metals.   -GDX- Gold miners are breaking out above the short-term trendline over significant dollar weakness. As I write, gold futures are […]

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GOLD UPDATE

Wed, 31 Aug 2022

    With gold futures slipping to $1725, it’s time to revisit the cycle count and potential scenarios for September.   GOLD CYCLE: Gold has been forming cycle lows every 40 to 44-trading days (blue arrows). What do all these lows have in common? Fed rate hikes. The next low should arrive around September 14 […]

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