Category: Free Updates

THURSDAY REPORT 12/29/2016

Thu, 29 Dec 2016

  Gold and silver are bouncing modestly out of the oversold conditions. I was anticipating gold prices to remain below $1,170 and silver below $16.60. Miners, on the other hand, have exceeded my expectations for an oversold rally and could be signaling a bottom. If the miners take out key levels (outlined below), I’ll change […]

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TUESDAY REPORT 12/27/2016

Tue, 27 Dec 2016

  The probabilities favor precious metals sinking further into a major 8-year cycle low. Traditional cycle timing suggests a bottom by the first quarter of 2017, most likely in February. If this is the case, then selling should expand during the next down leg; particularly in silver as it catches up to gold. Silver prices […]

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WEEKEND NEWSLETTER 12/24/2016

Sat, 24 Dec 2016

  Silver closed below $15.80 on a weekly basis and selling could increase if daily prices close below $15.68. The optimal timing window for an 8-year cycle low is in February 2017. Selling should expand in the coming weeks if gold and silver are indeed dropping to new lows. Prices could consolidate a bit longer […]

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THURSDAY REPORT 12/22/2016

Thu, 22 Dec 2016

  As a technical analyst, I formulate market opinions and anticipate price behavior that aligns with my interpretation. If things don’t unfold in as projected, then my outlook may need altering. Below are my current expectations. If we are dropping into an 8-year cycle low, I’d expect to see increased selling in silver and miners […]

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WEEKEND NEWSLETTER 12/10/2016

Sat, 10 Dec 2016

  The Odds Favor A Potential Bottom For Gold Prices Next Week The last two months have been difficult for precious metal investors, and many have turned bearish. Prices have swung wildly in both directions whipsawing even experienced traders into submission. The charts have been difficult to decipher since October, to put it mildly. Nevertheless, […]

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XAU MINING INDEX UPDATE

Tue, 6 Dec 2016

  Since August the XAU has displayed the following behavior. A sharp drop followed by a 14-day to 16-day correction that retraces between 50% and 61.8% of the previous decline. Today, prices hit the 50% retracement level and made a bearish reversal candle on the 15th day off the 75.54 low. Prices breaking below the […]

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WEEKEND NEWSLETTER 12/03/2016

Sat, 3 Dec 2016

Next week is critical for metals and miners Gold prices have been at a major inflection point for several weeks. There are two ways to interpret the current cycle count, one bullish and one temporarily bearish. The first suggests prices made an intermediate low Thursday at $1,162.20 and that the bull market is about to […]

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WEEKEND NEWSLETTER 11/19/2016

Sat, 19 Nov 2016

THE TALE OF TWO CYCLES We currently sit in a precarious position regarding the cycles I follow. The intermediate (6-month) gold cycle is the primary mechanism behind roughly 70% of our timing decisions and therefore a vital component of our system. Our medium-term outlook has fluctuated between bullish and bearish the last few weeks and […]

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THE TECHNICAL BREAKDOWN IN GDX

Fri, 11 Nov 2016

┬áTHE TECHNICAL BREAKDOWN IN GDX The senior mining ETF has officially broken the “NECKLINE” I often referred to in my updates. It looks like prices are headed to perhaps the $20.00 level before they will generate a bounce. If the bounce is unable to retake the neckline ($22.50), then prices will drop to my head-and-shoulder […]

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THURSDAY REPORT 11/10/2016

Thu, 10 Nov 2016

  Things are looking rather poor at the moment for metal miners as the bearish scenario gains momentum. However, this scenario won’t be confirmed in miners until prices break below the neckline in GDX and the HUI. Then prices need to remain below the neckline during any bounce/rally for roughly 10-trading days. The senior mining […]

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