Category: Free Updates

TUESDAY REPORT OCTOBER 15, 2019

Tue, 15 Oct 2019

  Gold futures continue to work their way lower after peaking in September. The topping process appears complete, and the next wave of selling could begin any day. I went over the 4-stages of an intermediate correction in the Weekend Newsletter. Today, I’d like to revisit gold’s cyclical nature.  If you study the markets long […]

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WEEKEND REPORT OCTOBER 13, 2019

Sun, 13 Oct 2019

  On Friday, the Trump administration announced a partial trade deal with China. I think this was the news event we need to trigger the next phase of the decline in metals and miners. The correction process into a 6-month low is usually involved — more times than not, its an exercise in patience. Typically […]

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SILVER – THE NEXT BIG ADVANCE

Fri, 20 Sep 2019

  At the beginning of a bull market silver commonly lags gold prices – that’s nothing new. The lag lasts about a year before silver goes on an epic run to catch its big brother. The breakout in gold above $1400 started the countdown to an explosive move in silver that could begin later this […]

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Gold – The $1490 Level Is Critical (free update)

Tue, 17 Sep 2019

  Gold futures are holding support around $1500 ahead of tomorrow’s Fed decision. Our intermediate cycle work supports a correction into October or November. A breakdown below $1490 in gold futures would signal the next leg lower in precious metals. Intermediate corrections are natural. In gold, prices tend to bottom about every 6-months (give or […]

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Gold – The Next Great Buying Opportunity (free update)

Mon, 9 Sep 2019

  Gold confirmed a new bull market in June 2019. The current cycle likely peaked last week after surging nearly $300 since May. Next, we should get a multi-week correction into October/November and perhaps a backtest of the breakout area surrounding $1380.   COMMITMENT OF TRADERS: The commercials (smart money) are positioned heavily against gold […]

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WEEKEND REPORT AUGUST 25, 2019

Sun, 25 Aug 2019

  The trade war between the U.S. and China escalated Friday when China announced new tariffs on $75 billion of U.S. goods. Trump retaliated and ordered U.S. companies to find an “alternative” to operating in China. Later, President Trump announced he would raise tariffs on $250-billion of Chinese imports from 25% to 30% starting October […]

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Gold Prices – The Big Picture

Mon, 19 Aug 2019

  With gold confirming a new bull market, it’s time to step back and look at the big picture. Using technical analysis, I’ll provide potential price objectives for the next decade. It seems each decade has an investment theme that favors one asset class over another. What performed well over the last decade generally underperforms […]

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WEEKEND REPORT AUGUST 18, 2019

Sun, 18 Aug 2019

  Recession fears are spiking. The 10-year versus 2-year yields reached parity (temporarily inverted) for the first time since 2007. An inverted yield curve almost always precedes a recession. However, it’s usually early – sometimes a year passes before the recession officially commences. The panic into bonds drove 30-year rates to record lows. The nosedive […]

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GOLD UPDATE AUGUST 13, 2019

Tue, 13 Aug 2019

  Gold probed the upper limit of the resistance band between $1525 – $1550 reaching $1546.10 this morning before falling apart. Futures collapsed to $1488.90 by 10 AM and prices are bouncing. Yesterday’s breakout above $1525, followed by today’s dynamic reversal supports an interim top. Silver reached $17.49 before collapsing to $16.51 intraday. The short-term […]

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AFTERNOON UPDATE 3:30 PM

Mon, 12 Aug 2019

  Gold futures broke higher from the consolidation pattern reaching $1531.50 intraday (currently $1523). Gold miners (GDX) are down 1.11% as I write and making fresh intraday lows. The non-confirmation is a warning. Gold would have to extend above $1535 to maintain today’s short-term breakout. Slipping back below $1510 would signal a potential top.

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