To no surprise, everything is lining up to either breakout higher or breakdown this week. I think bullish sentiment is very high, and the corrections into the May low’s seemed inadequate. Whichever way prices break following the Brexit vote will determine if the 6-month cycle bottomed in late May or if this move has been […]
Continue Reading →There is a 4.5-year cycle in 10-year Treasury yields you might find interesting. Yields are dropping and will likely reach all-time lows later this year. A Brexit could see a panic pushing yields down to 1% (currently 1.53%). U.S. Mortgage rates should continue lower until yields bottom. Yields should bottom in early 2017.
Continue Reading →Tomorrow is the much anticipated Fed announcement; a press conference is to follow at 2:30 PM EST. There is almost a zero chance they will raise rates at tomorrow’s meeting. Therefore, everyone will be focused on specific verbiage and the press release. Gold could easily breakout above $1,300 tomorrow but with the Brexit vote […]
Continue Reading →The month of June will likely become a major inflection point for gold and silver prices. Gold is on the precipice of breaking out above the $1,307 level and confirming the beginning of a multi-year rally. However, if gold prices fail to breakout in June, they could fall back to support around the $1,100 […]
Continue Reading →Prices are moving three steps lower and two steps back toward the June targets. I expect this to continue for a few more weeks, and then the final drop to a 6-month low should be relatively sharp finishing this intermediate term decline. I’d like to see a few more trading days, but I’m contemplating […]
Continue Reading →This post was written from a long-term investment perspective; we are still expecting a correction into a June low. Investors need to be both mentally and physically prepared for the next chapter in gold and silver prices. If we’re correct, there will be a record amount of enthusiasm and prices will reach unthinkable levels; […]
Continue Reading →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 […]
Continue Reading →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. […]
Continue Reading →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 […]
Continue Reading →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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