Category: Reports

TUESDAY REPORT 11/13/2018

Tue, 13 Nov 2018

  Gold, Silver, and GDXJ are at critical support while the dollar appears to be breaking out of a 3-month bullish consolidation. Oil is down 28% in just 6-weeks; prices are approaching support. The decline has been relentless and taken on a life of its own. I think oil is capitulating and I’ll look to […]

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THURSDAY REPORT 11/08/2018

Thu, 8 Nov 2018

  The seasonal pattern in gold supports an October high, a November decline, and a December Bottom. It looks like we got the October high at $1246. Next, we should see a November decline. I figured Tuesday’s elections or today’s Fed statement could trigger a potential selloff. If prices aren’t heading lower tomorrow, then we […]

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WEDNESDAY REPORT 11/07/2018

Wed, 7 Nov 2018

  The stock market has been a little easier to forecast lately than gold and silver. I’m not sure why…maybe it’s because metals are so easily manipulated. Nevertheless, I think the market provided some clues today. Tomorrow’s price action could confirm. It looks like the stock market is heading higher and precious metals are about […]

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MORNING NOTE 8:15 AM

Wed, 7 Nov 2018

  The Democrats had a good night and took back the House. The Republicans maintained control of the Senate. The market’s response thus far has been mixed and somewhat tempered. Gold is at $1233 up roughly 0.54% overnight. It would have to clear the $1240 level to support another attempt at exceeding the October $1246 […]

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TUESDAY REPORT 11/06/2018 (ELECTION DAY)

Tue, 6 Nov 2018

  Tonight’s report will be brief. I’ll release a full summary tomorrow.   -GOLD- Gold finished below the 10-day EMA. It doesn’t mean much until we see how markets respond tomorrow. -SILVER- Prices moved back to the middle of the range. I imagine we will see prices break free within the next 72-hours. Which direction […]

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THURSDAY REPORT 11/01/2018

Thu, 1 Nov 2018

    The price action remains crazy before the midterm elections. Metals and miners have endured several explosive days up and down over the last 2-months. Significant follow-through lacked in every case. Will this time be different or was this another convincing trader trap? Whatever the case, I think things will get easier after next […]

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