Category: Free Updates

GOLD MINERS UPDATE 5/18/2016

Wed, 18 May 2016

  Metals and Miners appear to have finished their short-term rallies and the Fed minutes sparked a strong volume selloff like we thought possible. In Elliott Wave Terms: Miners completed their minor b-wave advance and a powerful c-wave lower to the June target area just ignited.   -GDX- The rally from the $23.34 temporary low […]

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GOLD AND SILVER UPDATE 5/16/2016

Mon, 16 May 2016

  I wanted to update as prices are breaking short-term downtrend lines suggesting a temporary or common cycle low may be in for precious metals. IF this is the case prices will rise for a few days, maybe until Wednesday, perhaps around the time the Fed minutes are released, then things should roll over.   […]

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TWO SCENARIOS FOR GOLD AND SILVER

Fri, 13 May 2016

  Precious metals are close to confirming the start of a new bull run, but a little work still needs to be done. This post will focus on two possible scenarios, entry timing at the next low, and a simple buying strategy.   LONG-TERM PERSPECTIVE Before I get into the different scenarios, I want to […]

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THURSDAY REPORT 5/12/2016

Thu, 12 May 2016

  The two-day bounce in metals and miners is over, and prices should resume trading lower tomorrow. The Miners and Gold made bearish engulfing candle patterns today; there could be follow-through lower tomorrow, perhaps sharply. Overall we expect prices to drop to the middle of June, around the time of the next Fed meeting. Then […]

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TUESDAY REPORT 5/10/2016

Tue, 10 May 2016

  Forming a top can be quite the process, some cycles seem to drag out as Bulls and Bears fight for control. This cycle has topped, but there are still late comers (bulls) trying to buy, and volume is receding with each rally. Prices will trend lower over the next several weeks and are likely […]

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TUESDAY REPORT 5/3/2016

Tue, 3 May 2016

In the weekend newsletter, I assigned a 20% chance that the 8-year cycle low has not yet bottomed and that precious metals will make new lows later this year. We are now being presented with an opportunity for those odds to increase considerably if the US Dollar makes a significant reversal here. Combine this with […]

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COT AND SILVER UPDATE 5/2/2016

Mon, 2 May 2016

I rarely mention the COT (commitment of traders) positions in my reports but felt it necessary to highlight recent developments. In the world of commodity trading, the commercial hedgers are viewed as the “Big Players” or the “Smart Money”, as a rule, it’s best to align your trading strategy with their purview. The commercial short […]

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WEEKEND NEWSLETTER 4/30/2016

Sat, 30 Apr 2016

Gold aborted the head and shoulder pattern and made new cycle highs Friday. This development severely dampens the chances of new lows in gold and silver as previously forecast. I would say the odds support an 80% chance that the 8-year cycle in metals bottomed, and a new bull market has begun. However, buying now […]

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FED MEETING UPDATE 4/27/2016

Wed, 27 Apr 2016

The Fed held steady today and didn’t change their forecast in a dramatic way; Gold dropped slightly but was overall unchanged. Their next meeting will be in June; odds support a 20% chance of a rate hike at that time. The Bank of Japan meets tomorrow and will make an announcement regarding monetary policy; their […]

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DID THE 8-YEAR CYCLE IN GOLD BOTTOM?

Fri, 22 Apr 2016

I learned a long time ago that pride and arrogance prevent profits. Consequently, I would much rather make money and preserve capital than always be correct. Experience has also taught me that when my analysis is challenged at every turn, then the trend has possibly changed. And therefore, I need to stop fighting it. We […]

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