Category: Weekend Newsletters

WEEKEND GOLD FORECAST OCTOBER 4, 2020

Sun, 4 Oct 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 →

WEEKEND GOLD FORECAST SEPTEMBER 20, 2020

Sun, 20 Sep 2020

  The triangle pattern in gold appears complete, and prices should continue to work their way lower and eventually break support surrounding $1900. It may take another sharp selloff in the stock market to get a second round of stimulus through Congress. If my theory is correct, we could see a selloff in the stock […]

Continue Reading →

WEEKEND GOLD FORECAST SEPTEMBER 5, 2020

Sat, 5 Sep 2020

  The last few weeks have been challenging as metals and miners consolidate. When prices are on the verge of a breakdown – they stop and suddenly reverse higher. That happened several times around the $1920 level in gold. Eventually, the $1920 level in gold should break and trigger a speedy decline to $1750 – […]

Continue Reading →

WEEKEND NEWSLETTER JULY 26, 2020

Sun, 26 Jul 2020

  Gold prices are within striking distance of the all-time high set in 2011 ($1923). In my opinion, it would be unusual for prices to breakout to new all-time highs on the first try (typically there is a prolonged consolidation). Consequently, I still think prices could peak and begin a correction back towards $1550. Note: […]

Continue Reading →

WEEKEND NEWSLETTER MAY 31, 2020

Sun, 31 May 2020

  I think metals and miners are approaching a cycle top. Silver has been leading gold higher, and that often happens at the end of an intermediate-term advance.  To extend the current advance, gold would have to break decisively above $1800 and silver above $21.23 (the 2016 high). With the stock market’s rebounding, fear and […]

Continue Reading →

WEEKEND NEWSLETTER MAY 10, 2020

Sun, 10 May 2020

  The stock market continues to price in a V-shaped recovery, which I find very unlikely. More and more companies are filing for bankruptcy every week, and I see that trend continuing. The destruction to the economy will likely take one to two years to fully realize. What we are witnessing is something called creative […]

Continue Reading →

SUNDAY NEWSLETTER MARCH 15, 2020

Sun, 15 Mar 2020

  Last week will go down in the history books as one of the most violent and volatile weeks in stock market history. I hope you survived it. Precious metal prices collapsed throughout the week, especially on Friday. I’m curious to see next week’s COT report. I bet the commercials reduced their short positions dramatically. […]

Continue Reading →

WEEKEND NEWSLETTER MARCH 8, 2020

Sun, 8 Mar 2020

  The markets are crazy, and volatility is spiking. Everyone now understands the coronavirus is a black swan type event that could potentially result in a global recession. I see two potential outcomes. 1) The coronavirus begins to fade after April with the warmer weather and is no longer a threat by July/August. This would […]

Continue Reading →

WEEKEND NEWSLETTER FEBRUARY 23, 2020

Sun, 23 Feb 2020

  The gold cycle indicator finished the week at 358 and within the range of minimum topping. What’s that mean? It means gold has met the minimum requirements for a cycle top. Now that doesn’t mean prices will peak immediately. It merely suggests the 6-month cycle is nearing maturity, and we should start preparing ourselves […]

Continue Reading →

US Retail Gold Sales at Record Lows

Sun, 8 Dec 2019

  In 1986 the US mint began producing gold eagles. Below are the total gold ounces sold each year. In 2006, they began striking 1oz gold buffalo coins in addition to standard eagles. The numbers starting in 2006 reflects eagles and buffalo mintages combined. These numbers are from the US mint website and Wikipedia. I […]

Continue Reading →