Category: Weekend Newsletters

WEEKEND GOLD FORECAST JANUARY 17, 2021

Sun, 17 Jan 2021

  Much of the stimulus money sent out to Americans has made its way into the stock market. This is creating the divergence we see between “the markets” and the “real economy.” The bubble in stocks could end badly, for some investors. In April 2020, the personal savings rate for Americans spiked to a record […]

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WEEKEND GOLD FORECAST DECEMBER 31, 2020

Thu, 31 Dec 2020

    I’ve grown a little bearish over the near-term, given the excessive bullishness I see in options buying and retail trading. High flyers like Tesla and Bitcoin are not driven by fundamentals, but by speculation and excess liquidity. This extreme risk-taking leaves the markets vulnerable to a sharp correction, in my opinion. It seems […]

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WEEKEND GOLD FORECAST NOVEMBER 22, 2020

Sun, 22 Nov 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. […]

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WEEKEND GOLD FORECAST NOVEMBER 15, 2020

Sun, 15 Nov 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, […]

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WEEKEND GOLD FORECAST NOVEMBER 1, 2020

Sun, 1 Nov 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 […]

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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 […]

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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 […]

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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 – […]

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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: […]

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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 […]

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