Category: Weekend Newsletters

WEEKEND NEWSLETTER JULY 7, 2019

Sun, 7 Jul 2019

  Friday’s positive employment report took the chances for a 0.50% rate cut off the table at the July 31st Fed meeting. The odds for a .25% cut remain near 100%. The dollar rallied on the jobs report, and gold slipped. The S&P 500 is nearing significant resistance between 2990 – 3050, where a more […]

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WEEKEND NEWSLETTER JUNE 30, 2019

Sun, 30 Jun 2019

  Gold reached several milestones in June 2019. Prices finished the month and subequally the quarter above $1400. The MACD for the quarterly gold chart crossed over bullishly for the first time since 2013. After an arduous 6-year bottoming process, I think it’s safe to say gold started a new bull market. Now, that doesn’t […]

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WEEKEND NEWSLETTER JUNE 9, 2019

Sun, 9 Jun 2019

  Gold is testing its major breakout level, and it’s fate likely depends on the result of the June 19th Fed announcement. What they decide will determine if gold breaks immediately higher or if prices will top and slip back to support between $1200 – $1220 this fall. If gold breaks higher, a short covering […]

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WEEKEND NEWSLETTER 6/02/2019

Sun, 2 Jun 2019

  Gold prices broke higher on Friday over stock market fears. Prices closed above $1310, and it looks like the 6-month low bottomed in May. Gold miners broke higher from their triangle consolidations at the 45-day cycle turning point. A little upside follow-through next week will support a new advance. Silver and Platinum are lagging […]

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WEEKEND NEWSLETTER 5/12/2019

Sun, 12 May 2019

  It looks like the trade negotiations between the US and China imploded. China backed out of the previous deal. Some believe China is stalling in hopes that Trump will lose the 2020 election so they can negotiate with a different president. Precious metals and miners have been grinding lower for about three months. I […]

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WEEKEND NEWSLETTER 4/28/2019

Sun, 28 Apr 2019

  -US DOLLAR- The dollar is a little overbought. However, it looks like prices broke above 5-month resistance at 97.70. Progressive closes above 98.00 would confirm. If established, that would likely keep the pressure on precious metals. -GOLD WEEKLY- The weekly gold chart reveals an extensive consolidation starting after the initial surge to $1377 in […]

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WEEKEND NEWSLETTER 2/24/2019

Sun, 24 Feb 2019

  Over the last few years whenever gold approaches the $1360 level, the price action gets a little volatile…perhaps even violent. One day the short-term model supports an upside breakout – the next day a failure. It’s like two heavyweight boxers going at it. You know somebody’s going to take a nap, but you’re not […]

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FREE WEEKEND NEWSLETTER 2/17/2019

Sun, 17 Feb 2019

  What a wild week – Monday and Tuesday ended slightly negative in precious metals, and we received short-term sell signals into Wednesday’s close. Those signals were quickly annulled after Thursday’s weak retail sales numbers. By Friday’s close, the preceding bull flags in metals and miners were restored. The tail-end of an intermediate cycle (up […]

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WEEKEND NEWSLETTER 2/10/2019

Sun, 10 Feb 2019

  After some deliberation, I altered my short-term outlook for precious metals and miners last week. The rally out of the 45-day cycle low in miners was troubling me. The 5 to 7-day thrust was robust and on expanding volume. It’s rare for a move like that to terminate abruptly; there is almost always a […]

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WEEKEND NEWSLETTER 1/27/2019

Sun, 27 Jan 2019

  Next week is shaping up to be pivotal. Wednesday’s FOMC announcement will set the tone. Market participants will be looking for guidance concerning interest rates and balance sheet reductions. From a cyclical and technical perspective, metals and miners are in the ideal position to form intermediate tops next week. Key resistance in gold arrives […]

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