It is looking more and more like gold prices probably bottom in November, and we are climbing a wall of worry. Silver and platinum are beginning to lead the sector higher, suggesting a rotation out of gold and into the more leveraged, smaller sectors. This theory also explains the underperformance in GDX. It looks […]
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GOLD UPDATE 8:55 AM
Reminder: U.S. Markets close at 1:00 PM today and won’t reopen until Monday, December 28, 2020. Because Markets are closed Friday for Christmas, tonight’s report will act as the Weekend Newsletter. The stimulus saga continues. President Trump is asking for $2000 payments to individuals versus $600. Congress could amend the bill and vote […]
Continue Reading →WEEKEND GOLD FORECAST DECEMBER 6, 2020
After painting a somewhat dire picture in my global depression article, I wanted to expand on the developments that have me concerned. It’s clear to me that the retail trading frenzy is reaching extremes. Typically, this type of behavior precedes a collapse. I don’t know what, and I don’t know when, but the market seems […]
Continue Reading →FREE UPDATE – POSSIBLE GLOBAL DEPRESSION BY 2022
As an analyst, I am continually looking for rogue waves and black swan events. In my experience, it is the crisis we do not see coming that hurts us most. Over the last few months, I have seen and heard some things that now have me concerned. I will describe them below, and you […]
Continue Reading →WEEKEND GOLD FORECAST NOVEMBER 22, 2020
Gold prices are rolling over, and I see the potential for a bearish breakdown as soon as next week. If gold breaks below $1850 sooner than later, that could open the door for an extended correction into December. Overall, precious metals are in structural bull markets, and sharp pullbacks are considered long-term buying opportunities. […]
Continue Reading →WEEKEND GOLD FORECAST NOVEMBER 15, 2020
There is a significant uptick in coronavirus cases, and lockdowns are resuming. The likelihood of a double-dip recession is increasing, and we could see another sharp selloff in stocks. The 1980 pattern in the Dow is very similar to what’s transpiring now. If the stock market peaks next week like it did in 1980, […]
Continue Reading →THURSDAY GOLD FORECAST NOVEMBER 5, 2020
Gold prices closed above their October high, and I see the potential for a divergent 6-month low. With COVID cases hitting new highs, the potential for lockdowns and a double-dip recession are climbing. Congress is unlikely to reach a stimulus deal unless the markets are tanking. How prices finish the week is crucial. I […]
Continue Reading →WEEKEND GOLD FORECAST NOVEMBER 1, 2020
The US elections are next week, expect a significant uptick in volatility. The markets hate uncertainty, so a close or disputed election could send stocks reeling. Covid numbers are on the rise globally, and we are starting to see more shutdowns. This could impede the recovery and disrupt supply chains. I see a generational […]
Continue Reading →WEEKEND GOLD FORECAST OCTOBER 4, 2020
Gold is dropping into the next 6-month low. If everything continues on schedule, we should have a bottom in the first half of October. A Multitude of Outcomes Several variables, from the stimulus negotiations, to the elections, and now the President’s health, could alter gold’s near-term trajectory. Not to mention the potential for […]
Continue Reading →Silver Near Major Buy Signal
I believe silver prices confirmed a bullish breakout in July 2020. The initial surge has paused, and prices are pulling back into the next significant buying opportunity. Silver Bull Market After lagging gold for some time, silver finally broke above the long-term trendline and confirmed a new bull market. The global health crisis […]
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