Gold and silver remain rangebound after last Tuesday’s outside reversal days. Each needs progressive closes below the 10-day EMA to verify a top. Miners formed swing lows, and prices are bouncing. If prices peaked as I suspect, then this rebound should conclude within then next 1-3 trading days. A rally that finishes above the […]
Continue Reading →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 […]
Continue Reading →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 […]
Continue Reading →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 […]
Continue Reading →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.
Continue Reading →Wednesday’s surge in gold above $1500 was fueled by stock market fears and a capitulating bond market. The 10-year treasury yield crashed to 1.59% on Wednesday, and an interim low is likely. TREASURY YIELDS CAPITULATE: The move below 1.95% in 10-year treasury yields triggered multiple capitulation signals. The selloff reached a panic extreme […]
Continue Reading →The June breakout above $1370 signaled a new bull market in gold. The initial surge took gold to $1442.90 before prices entered a running consolidation. A “running consolidation” has an upward bias due to enthusiastic buying versus a traditional downward sloping correction. Monday’s close above $1470 registered a short-term breakout, and this wave higher […]
Continue Reading →What a wild day. After reaching $1412 this morning, gold prices began to bounce. Prices were near $1430 around 1:30 when the Trump administration announced additional tariffs of China starting in September. The stock market reversed suddenly and gold jumped an additional $25.00 before the 4:00 PM close. It’s impossible to predict these events, […]
Continue Reading →Ray Dalio released an excellent article last week concerning longer-term investment themes and paradigm shifts. He breaks down each decade, starting with the 1920s and the various economic factors that shaped capital flows. In a nutshell, each decade has its own investment theme. For example, from 2010 until now, the stock market has been […]
Continue Reading →Gold broke free from the triangle consolidation, and silver exceeded the January/February double top. There’s little doubting a new bull market in gold. To establish a bull market in silver, I’d like to see prices exceed the 2018 high ($17.70). Miners responded positively, and each is near or exceeded their June measuring gap targets. […]
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