Category: Free Updates

CLOSING UPDATE 3:50 PM

Fri, 8 Feb 2019

  -GDX- A close above $22.70 next week would establish a bull flag breakout. The potential target for the pattern is around $24.70. To ascertain flag targets, I add the height of the design or sometimes referred to as the “flag pole” to the base of the flag. A breakdown next week below $21.50 would […]

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THURSDAY REPORT 2/07/2019

Thu, 7 Feb 2019

  We may see one more push higher in gold to test the $1350 to $1370 area. That may correspond with a decline in the general stock market and oil prices. I’ve been looking for oil to dip back down towards the $42.00 region in February or March. Progressive closes below $50.00 would reinforce that […]

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EVENING UPDATE (POTENTIALLY BULLISH)

Mon, 28 Jan 2019

  The 45-day cycle nailed the low to the precise day. What happens next is critical. I listed the bearish possibility this afternoon. Below is the bullish chance…should the Fed announce something on Wednesday that immediately displaces sentiment. -GDXJ- Today’s candle finished with the same sized body (open to close) as the preceding day. If […]

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AFTERNOON NOTE 3:20 PM

Mon, 28 Jan 2019

  Bigger picture – we have a sharp decline in Money Flows (MFI above) out of the 45-day cycle bottom. Price and MFI would have to blast higher to break the growing negative divergence. Prices haven’t gone anywhere since the December 19th Fed spike. The MACD (below) is softening and would require a sharp boost […]

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WEEKEND NEWSLETTER 1/27/2019

Sun, 27 Jan 2019

  Next week is shaping up to be pivotal. Wednesday’s FOMC announcement will set the tone. Market participants will be looking for guidance concerning interest rates and balance sheet reductions. From a cyclical and technical perspective, metals and miners are in the ideal position to form intermediate tops next week. Key resistance in gold arrives […]

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MORNING NOTE 11:15 AM

Tue, 22 Jan 2019

  -GDX DAILY CHART- Way too soon to tell, but we could get a cycle low on the 45-trading day if prices hold the 50-day EMA and generate a swing low. In tonight’s report, I’ll cover potential price targets. I’ll be monitoring how prices close, and the buying/selling numbers (volume). I’m off to an appointment […]

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THURSDAY REPORT 1/17/2019

Thu, 17 Jan 2019

  Gold and silver remain in their short-term consolidations. Miners may be forming small bear flags at the 200-day MA. Overall, Gold bottomed five months ago, and the intermediate trend is mature. Prices should be close to starting their decline into the next six month low. Provided, the 6-month cycle is still valid…which is up […]

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THURSDAY REPORT 1/10/2019

Thu, 10 Jan 2019

  Today, I wanted to take a look at the bigger picture and consider certain trends we may see over the next decade. Jim Puplava from Financial Sense thinks the next decade may favor tangible assets and commodities, I agree. I think deflationary pressures are waning and we are transitioning into an inflationary period. Major […]

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TUESDAY REPORT 1/08/2019

Tue, 8 Jan 2019

  Fairly uneventful day. I’m studying correlated and uncorrelated assets to get a better view of where we are in the economy. I need to look deeper into bonds and interest rate differentials for clues. That’s what I’m working on tonight.   -GDX VOLUME STUDY- On Balance Volume and MFI support a topping process instead […]

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NOON UPDATE

Tue, 8 Jan 2019

  Interim tops remain possible in metals and miners. Gold and silver are yet to form swing highs, so we remain in the proving phrase. Miners need to close progressively beneath their 200-day MA’s to support a top and interim pullback.   -GDXJ- Juniors are trading lower, but they need to close progressively below the […]

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