Investors have the tendency to get distracted by the daily market movements and short-term noise. Occasionally, I like to step back and evaluate things from a big picture perspective in an attempt to keep myself grounded. Last week I covered the potential of a $500 silver target, now I’d like to look at potential debt […]
Continue Reading →During the last cycle top, silver peaked long after gold topped and made somewhat of an angled ascent. Prices touched the trendline three times before terminating. The current topping process could be following a similar pattern with the third and final touch arriving today. If that’s indeed what’s happening, then I would prefer to see […]
Continue Reading →Prices tend to overshoot in the precious metals sector making analysis difficult at times. The next few sessions are incredibly important, and if prices don’t top soon, I will be forced to reanalyze. Silver is overshooting the right shoulder target; gold is still on track and the more important pattern of the two. It looks […]
Continue Reading →I’m reasonably conservative and crafting such a bold title could become hazardous to my reputation but before you dust off the straight-jacket and have me committed, take a few moments and consider the possibility. I’m a contrarian, and I thoroughly enjoy technical analysis. I spend thousands of hours every year studying charts and […]
Continue Reading →I wanted to show a quick daily chart of Apple as it is approaching a potential stopping point. The next few days are important and I will update the chart if a confirmed price swing forms. Note: This is mostly for illustration purposes, but there could be a good risk reward setup around the corner. […]
Continue Reading →I commented last year regarding Apple Stock and how the movie regarding Steve Jobs was possibly a contrary indicator implying a potential top in AAPL stock prices. I don’t mention non-precious metal stocks often, but I found this one intriguing. There is a 5-year cycle (62-Months) in AAPL corresponding with the 20-Month moving average. […]
Continue Reading →Gold Topped And Is Dropping Into The Spring Low In my March 7th Article “The Final Move Lower In Gold” I briefly discussed the Human Factor and how emotions drive trends. This article will delve into that space a bit further, touching briefly on capitulation and finishing with a gold price forecast. Controlling Emotions: […]
Continue Reading →Gold broke the $1,226 level mentioned in yesterday’s report and silver has broken lower from the bear flag. The US Dollar is rallying for the 4th consecutive day and may pullback tomorrow. Overall we should see metals and miners trend lower into a 6-month intermediate cycle low by late April or early May. -GOLD […]
Continue Reading →I wanted to update the S&P 500 weekly chart as there is potential for a breakdown. Technically speaking several levels have been violated, and a bear market is possible. The 1,810 level formed a tradeable rally as predicted, but if this is just a countertrend rally, it will soon fail. There is resistance and an […]
Continue Reading →The Final Move Lower In Gold It’s my belief that gold, silver and miners topped recently or will so this week, and then they will begin the decline into what will become an incredible buying opportunity later this year. Nothing is set in stone, but nevertheless, my indicators advise that it is perhaps too early […]
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