Category: Reports

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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TUESDAY REPORT 10/30/2018

Tue, 30 Oct 2018

  Not a lot to add tonight. The elections are a week away, and those results will shape our year-end outlook. Markets could remain choppy for the next week or so. I’ll continue to look for directional clues and update daily. I don’t expect to make any significant trades until after the elections. However, I […]

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MORNING UPDATE 9:15 AM

Fri, 26 Oct 2018

  Not much going on this morning. Gold (December) reached $1241.20 as the stock market sank to fresh lows. Stocks are attempting to recover, and gold is backing off…for the moment. After reaching $1243 on Tuesday gold has been consolidating in a small triangle formation. Prices will likely break higher from the pattern on additional […]

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THURSDAY REPORT 10/25/2018

Thu, 25 Oct 2018

  Miners were clobbered today because of weak earnings, and the odds favor October highs. Prices may bounce or consolidate into the elections, but I think the overall direction is lower into November/December. Of course, a major political shift on November 6th could change things instantly. An October top in gold remains possible as long […]

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TUESDAY REPORT 10/23/2018

Tue, 23 Oct 2018

  Metals and miners started strong, but follow-through was lacking. We may have failed breakouts in GDX and GDXJ. The prices action tomorrow should provide some transparency. Yesterday’s lows and today’s highs have become key pivots. Closing above today’s highs would restore the bull flag potential. Whereas, closing below yesterday’s lows would recommend an October […]

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TUESDAY REPORT 9/25/2018

Tue, 25 Sep 2018

  Much will be decided tomorrow. Metals and Miners could break either way. Prices will respond to interest rate expectations. Gold will remain under pressure as long as interest rates continue on a steady path higher. Gold should rally if the Fed appears dovish. I’ll post multiple updates throughout the day.   -US DOLLAR- The […]

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