Our Buy Zone analysis is on track. The next signpost we are waiting for is a price break of the recent common cycle lows. When that occurs, I expect selling pressure to intensify, and prices should finally enter the upper portion of the Buy Zones. Once in the Buy Zones, I will do my […]
Continue Reading →Here is a quick gold cycle update. It appears we are rallying out of the third common cycle low. This rally could last up to ten trading days but be as little as four trading days. The intermediate cycle has already failed, topping at $1,377.50. I expect this rally to fail and break below […]
Continue Reading →I’m flying out of town for a wedding in a few hours, so I finished the Weekend Newsletter early. The alternate scenario still has life, but we need to see some downward progress next week. Silver is closest to breaking down, and it may bring gold and miners with it. The dollar is key. […]
Continue Reading →In the Weekend Newsletter I wrote, “If prices don’t show signs of a turn-around on Monday, I will sell my long positions or hedge my trades as I wait for clarity.” Prices are turning higher from the 10-day EMA keeping the bullish outlook. Nonetheless, I’m still on high alert after Friday and want to […]
Continue Reading →Prices are pulling back slightly as traders take profits and square positions before the Friday employment numbers. I’m expecting everything to hold above their 20-day averages (EMA’s) between now and Friday morning. Everything should turn higher for the remainder of August once the jobs numbers are behind us. -GDX- Prices may pullback a little […]
Continue Reading →There is further weakness in Gold, Silver, and Miners today revealing why they were unable to confirm lows last Friday. I expect the $1,300 level in gold to hold this week. Consecutive closes below $1,300 would suggest my cycle count is off, and I will need to adjust. I give that scenario low odds […]
Continue Reading →Many things in life have a cyclical cadence to them. In nature, you will find that water has a cycle, a dominate nitrogen cycle, and even a carbon cycle. Economies unquestionably have a cyclical nature to them as well, fluctuating between periods of expansions and contraction. The business cycle is comprised of mechanisms such […]
Continue Reading →I like to update when a noteworthy event occurs. Well, today 10-year Treasury yields dropped to a historical and new low; they will continue to fall until late this year. Negative interest rates (Germany, Japan, and Switzerland, etc.) provoked a rush into the higher yielding U.S. Treasuries, consequently pushing yields lower. We expect yields […]
Continue Reading →GOLD PRICES: THE ROAD TO $10,000 I’ve been hesitant to approve the December 3rd $1,045.40 low as the official 8-year cycle bottom. Nevertheless, gold price closed the second quarter (Q2) above my long-held benchmark (16-Quarter MA) reassuring me that the 4-year bear market in precious metals is over. Warnings were lifted, and gold prices have […]
Continue Reading →Prices made a new closing high today. However, they never closed below the 10-day EMA in mid-June, potentially a sign of strength. Recent cycles have topped after 21-days, and we are currently on day 20. Despite making the new high, I’m not sure prices will stay there for long. I will be watching for […]
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