Category: Free Updates

PRE-FED UPDATE 1:30 PM

Thu, 8 Nov 2018

  Metals and miners are bouncing into the 2:00 PM Fed announcement. The setup for a November breakdown appears valid, but maybe I was tricked again. Let’s see what prices do after 2:00 PM. -GDXJ- Miners are bouncing a little going into the 2:00 PM Fed announcement. Let’s see how prices close. If prices continue […]

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MORNING UPDATE (JDST) 9:00 AM

Thu, 8 Nov 2018

  Here’s a trade I’m thinking about this morning. Miners have been tricky, so I remain cautious and somewhat skeptical. I’m looking to buy JDST around the open anticipating a November breakdown in metals and miners. I’m going to keep a short leash on this trade, however, and will exit if JDST closes below $72.00. […]

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WEDNESDAY REPORT 11/07/2018

Wed, 7 Nov 2018

  The stock market has been a little easier to forecast lately than gold and silver. I’m not sure why…maybe it’s because metals are so easily manipulated. Nevertheless, I think the market provided some clues today. Tomorrow’s price action could confirm. It looks like the stock market is heading higher and precious metals are about […]

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AFTERNOON UPDATE 2:28 PM

Wed, 7 Nov 2018

  There are currently two open price gaps in SPY. TVIX striking the 200-day MA and the ABC measured target appears to have announced the October bottom. Below is the TVIX chart I posted October 29th at 1:22 PM. Gold and miners appear to be slowly rolling over. We should find out tomorrow or Friday […]

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TOMORROW’S FED MEETING

Wed, 7 Nov 2018

  It looks like we will have to wait for tomorrow’s FOMC announcement to see if we get a November breakdown. The Fed isn’t expected to raise interest rates, but there will be special attention paid to their language concerning December’s meeting and the likelihood for additional hikes. If metals and miners are going to […]

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MORNING NOTE 8:15 AM

Wed, 7 Nov 2018

  The Democrats had a good night and took back the House. The Republicans maintained control of the Senate. The market’s response thus far has been mixed and somewhat tempered. Gold is at $1233 up roughly 0.54% overnight. It would have to clear the $1240 level to support another attempt at exceeding the October $1246 […]

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TUESDAY REPORT 11/06/2018 (ELECTION DAY)

Tue, 6 Nov 2018

  Tonight’s report will be brief. I’ll release a full summary tomorrow.   -GOLD- Gold finished below the 10-day EMA. It doesn’t mean much until we see how markets respond tomorrow. -SILVER- Prices moved back to the middle of the range. I imagine we will see prices break free within the next 72-hours. Which direction […]

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AFTERNOON UPDATE 1:15 PM

Tue, 6 Nov 2018

  Metals and Miners are down slightly. The stock market is trying to rally, and oil slipped another 2%. -GDX- Miners could be in the process of forming bearish engulfing candles. If this is legitimate bearish behavior (not another fakeout), then it’s likely forecasting a breakdown below the blue trendline tomorrow or Thursday. In line […]

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MORNING UPDATE 9:18 AM

Tue, 6 Nov 2018

  The elections are finally here, buckle up, the next few days could be bumpy. Polls close at 8:00 PM in most states. We probably won’t get a feel for the results until midnight or 1:00 AM…unless there is a blowout. I’ll monitor the futures off and on throughout the night for clues. Wednesday’s initial […]

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MORNING NOTE

Mon, 5 Nov 2018

  Not much to report this morning, markets are more or less flat (miners are up slightly). Oil slipped to a new low, and it looks like prices are trying to reverse. We could have a temporary low. However, I’m reluctant to believe any price action before the elections. Today may turn out to be […]

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