Category: Free Updates

FREE WEEKEND NEWSLETTER 2/17/2019

Sun, 17 Feb 2019

  What a wild week – Monday and Tuesday ended slightly negative in precious metals, and we received short-term sell signals into Wednesday’s close. Those signals were quickly annulled after Thursday’s weak retail sales numbers. By Friday’s close, the preceding bull flags in metals and miners were restored. The tail-end of an intermediate cycle (up […]

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MORNING UPDATE 8:43 AM

Fri, 15 Feb 2019

  Everything seems to be trading higher this morning – Gold, Silver, US Dollar, S&P 500, and Oil…all up. Several of these are inversely correlated, so it is odd to see them trading higher together. That usually indicates a false move in one or more of the above assets. We should know which market is […]

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THURSDAY REPORT 2/14/2019

Thu, 14 Feb 2019

  Platinum remains the worst-performing precious metal. Prices are just above significant support at $750. If that level fails, then a decline to $650 is in the cards. Why is platinum out of favor – will it stay that way forever? At some point, something will cause a bottom and prices will rip to the […]

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AFTERNOON UPDATE 12:24 PM

Thu, 14 Feb 2019

  Metals and Miners are up today after the abysmal retail sales numbers this morning. News driven events like this typically run out of steam relatively quickly. The potential bull flags that started in late January should have broken higher by now. Consequently, I think we will see more back and forth price action with […]

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MORNING NOTE 9:18 AM

Thu, 14 Feb 2019

  Gold prices slipped to $1304.70 overnight, and spot silver hit $15.45. The 8:30 AM retail sales numbers came in much lower than expected. The poor numbers hurt stocks and oil and gave gold a quick boost to $1315.70 (currently $1313.20). Silver remains near its lows. Gold would have to rally decisively above $1322 to […]

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CLOSING UPDATE 2/13/2019

Wed, 13 Feb 2019

  CLOSING UPDATE 2/13/2019    Metals and Miners continued to sell down after their failed morning rallies. It looks like the bull flags have been abandoned. I entered new swing trades in DSLV and JDST. I continue to hold the January 31st, 2019 DWT trade. The New Gold Predict mobile app (iOS and Android) should […]

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MORNING UPDATE 11:15 AM

Wed, 13 Feb 2019

  The gold trend felt a sense of urgency and prices attempted to recapture the $1320 level this morning. Silver and miners rallied, but the early morning blitz appears to be fading. The next 48-hours are crucial. Metals and miners need moderate to strong closes today followed by meaningful upside follow-through tomorrow to restore the […]

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TUESDAY REPORT 2/12/2019

Tue, 12 Feb 2019

  The price action to start the week in metals and miners has been uninspiring. The potential flag patterns should have broken higher by now. Unless something changes quickly, the odds are beginning to favor abandoned bull flags and a breakdown. I want to see the overnight action, but I’m considering reapplying my short positions. […]

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