Category: Free Updates

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, […]

Continue Reading →

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 […]

Continue Reading →

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. […]

Continue Reading →

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 […]

Continue Reading →

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 […]

Continue Reading →

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.  

Continue Reading →

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 […]

Continue Reading →

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 […]

Continue Reading →

TUESDAY REPORT JULY 9, 2019

Tue, 9 Jul 2019

  In a healthy bull market, the surprises come to the upside. Meaning, pullbacks or consolidations are brief – just a week or two. Gold has been consolidating for about two weeks; it feels like it’s make or break time. To build upon June’s momentum, both metals and miners need to break higher relatively soon. […]

Continue Reading →

WEEKEND NEWSLETTER JULY 7, 2019

Sun, 7 Jul 2019

  Friday’s positive employment report took the chances for a 0.50% rate cut off the table at the July 31st Fed meeting. The odds for a .25% cut remain near 100%. The dollar rallied on the jobs report, and gold slipped. The S&P 500 is nearing significant resistance between 2990 – 3050, where a more […]

Continue Reading →