Category: Free Updates

GOLD REACHED SIGNIFICANT RESISTANCE

Thu, 8 Aug 2019

  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 […]

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GOLD SETS ITS SIGHTS ON $1500

Tue, 6 Aug 2019

  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 […]

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THURSDAY REPORT AUGUST 1, 2019

Thu, 1 Aug 2019

  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, […]

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WEEKEND NEWSLETTER JULY 21, 2019

Sun, 21 Jul 2019

  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 […]

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THURSDAY REPORT JULY 18, 2019

Thu, 18 Jul 2019

  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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MORNING UPDATE 11:48 AM

Wed, 17 Jul 2019

  -GDX- Miners appear to be breaking higher as spot gold is testing the upper triangle boundary near $1425. -GOLD 4-HOUR CHART- Miners and silver are leading gold higher. To confirm the next up leg in metals, gold needs to close decisively above $1425 and then take out the June $1442.90 high. Failure to make […]

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TUESDAY REPORT JULY 16, 2019

Tue, 16 Jul 2019

  The consolidation in gold appears to be taking the form of a triangle pattern. Closing above $1425 would recommend an upside breakout. Downside support arrives between $1385 and $1390. Silver exceeded its June high and prices are showing subtle signs of life. For the last 8-years, silver has peaked in the first half of […]

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QUICK GOLD UPDATE 10:24 AM

Tue, 16 Jul 2019

  The 4-hour spot gold chart may be morphing into a triangle consolidation. If correct, then gold should hold support between $1380 – $1390 and eventually breakout above $1425 to new highs. In the meantime, silver and platinum are playing catchup exceeding their June highs.  

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WEEKEND NEWSLETTER JULY 14, 2019

Sun, 14 Jul 2019

  The July 31 Fed announcement is shaping up to be a pivotal event. I think it will either validate a breakout in US stocks or send prices sharply lower. If stocks continue to rally after the Fed decision, then we will likely see an advancing uptrend and energy stocks and oil may begin to […]

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AFTERNOON UPDATE JULY 10, 2019

Wed, 10 Jul 2019

  Gold and miners started the morning higher, and prices may be trying to break higher form their potential bull flags. Upside follow-through tomorrow would register the onset of the next advance and an end to the 2-week consolidation.   -GLD- Prices are testing the upper flag boundary in GLD. A close above 134.10 would […]

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