Category: Reports

THURSDAY GOLD FORECAST APRIL 15, 2021

Thu, 15 Apr 2021

    After a prolonged decline, gold miners continue to show signs of strength.  The charts below support an intermediate breakout and a renewed uptrend in precious metals.  If gold bottomed, as defined, it should stairstep its way back towards the $2000 level over the coming weeks/months.      If you’re new to precious metals, […]

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TUESDAY GOLD FORECAST JANUARY 26, 2021

Tue, 26 Jan 2021

  The speculation in today’s market is incredible. Millennials seem to be the driving force behind these bubbles. They stampede from one hot-stock to the next, looking to get rich. Currently, they have their sights on Gamestop (GME). The stock was up 92% today and 685% in January.  -GME- The momentum traders have turned to […]

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TUESDAY GOLD FORECAST DECEMBER 29, 2020

Tue, 29 Dec 2020

  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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THURSDAY GOLD FORECAST NOVEMBER 5, 2020

Thu, 5 Nov 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 […]

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TUESDAY GOLD FORECAST OCTOBER 27, 2020

Tue, 27 Oct 2020

  With the elections just one week away, markets continue to trade mostly sideways.   The news has switched to rising COVID numbers and earnings.   Little changed in precious metals over the last few days, so tonight’s report will focus mostly on energy.   Overall, I continue to look for one more decline in […]

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THURSDAY GOLD REPORT AUGUST 6, 2020

Thu, 6 Aug 2020

  Gold is about to test the $2100 level while the S&P 500 is nearing its pre-coronavirus February peak. It feels like we are entering a crucial and potentially volatile period. I think things may start to selloff if Congress continues to defer a second stimulus package. Tomorrow’s employment data could trigger a multi-week correction […]

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THURSDAY REPORT FEBRUARY 13, 2020 (TESLA COVERAGE)

Thu, 13 Feb 2020

  Little changed in precious metals, prices continue to consolidate. I do see a correlation in gold that could imply an upward breakout within the next 1 to 3 trading days. A daily close above $1600 would reinforce this view. Since little changed concerning gold, I’d like to spend some time talking about Tesla and […]

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TUESDAY REPORT OCTOBER 15, 2019

Tue, 15 Oct 2019

  Gold futures continue to work their way lower after peaking in September. The topping process appears complete, and the next wave of selling could begin any day. I went over the 4-stages of an intermediate correction in the Weekend Newsletter. Today, I’d like to revisit gold’s cyclical nature.  If you study the markets long […]

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TUESDAY REPORT AUGUST 20, 2019

Tue, 20 Aug 2019

  Gold and silver remain rangebound after last Tuesday’s outside reversal days. Each needs progressive closes below the 10-day EMA to verify a top. Miners formed swing lows, and prices are bouncing. If prices peaked as I suspect, then this rebound should conclude within then next 1-3 trading days. A rally that finishes above the […]

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THURSDAY REPORT AUGUST 1, 2019

Thu, 1 Aug 2019

  What a wild day. After reaching $1412 this morning, gold prices began to bounce. Prices were near $1430 around 1:30 when the Trump administration announced additional tariffs of China starting in September. The stock market reversed suddenly and gold jumped an additional $25.00 before the 4:00 PM close. It’s impossible to predict these events, […]

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