Category: Free Updates

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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GOLD CYCLE UPDATE (BULLISH NEWS)

Sun, 24 Jul 2022

  One of the benefits of being in the markets as long as I have is the feeling of familiarity during various cycle phases. The current rout in precious metals has been swift, deep, and relentless. The last time I felt this was in 2018 when prices continued persistently lower despite steller fundamentals and deeply […]

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QUICK DOW UPDATE

Fri, 20 May 2022

  -DOW- With Tesla finally cracking, I think we could now see an extremely sharp selloff. How prices close today could paint a picture for next week.   Note- Metals and miners could get dragged lower with the markets. I would view that as temporary and a long-term buying opportunity.  

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WEEKEND FORECAST MAY 8, 2022

Sun, 8 May 2022

  The Federal Reserve hiked rates 50 basis points on Wednesday, raising the Fed funds to 0.75% and 1.00%.   Powell took the potential for a 0.75% hike off the table and implied back-to-back 0.50% hikes in June and July. Markets reacted higher initially but rolled over quickly on Thursday and into Friday.  There is a […]

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WHY AREN’T STOCKS CRASHING?

Mon, 28 Mar 2022

  Market Update – Shouldn’t Global Stock Markets Be Crashing?   The move into risk assets over the last few weeks has been surprising. We were due for an oversold bounce in stocks and bitcoin, but this seems excessive. Are we about to see a rug pull? Why is gold down while stocks are rallying?  […]

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TESLA PRICE UPDATE

Wed, 23 Mar 2022

    Sometimes, I fear my obsession with Tesla prices collapsing borders on the unhealthy side. I’ve gotten to the point where I’m timing the rebounds of Amazon post the 1999 tech bubble.   POST TECH BUBBLE AMAZON COLLAPSE: In the first quarter of 2000, Amazon shares declined into late January, bounced into early February, […]

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IMPORTANT GDX UPDATE

Sun, 30 Jan 2022

  The W-bottom in miners, silver, and platinum is remarkably similar to what transpired in late 2015 and early 2016 as we started a new Fed rate hiking cycle. The correlation may hold some good news and the potential for an explosive rally starting soon in precious metals.     GDX 2015 & 2016: We […]

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TUESDAY GOLD FORECAST NOVEMBER 23, 2021

Tue, 23 Nov 2021

  There will be no Thursday report due to Thanksgiving.  Markets close at 1:00 PM on Friday.        TUESDAY GOLD FORECAST NOVEMBER 23, 2021   I see the potential for increased volatility surrounding tomorrow’s economic reports. The FOMC minutes come out at 2 PM. https://www.marketwatch.com/economy-politics/calendar       Vaccine Effectiveness According to Public Health […]

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