Category: Reports

THURSDAY REPORT 3/8/2018

Thu, 8 Mar 2018

  Gold bounced to $1342 and pushed me to the edge of my comfort zone. Prices reversed Wednesday and exposed a potential clue. I don’t use Elliott Wave analysis often, but I do find specific fractal techniques beneficial. Applying this method, I see the potential for an A = C measured move in gold and […]

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THURSDAY REPORT 2/15/2018

Thu, 15 Feb 2018

  Gold is at a major inflection point and the next few trading days will be critical. Prices are at $1356, and it would take little effort to punch through the January $1365.40 high. The next level to overcome resides at $1,377.50 (the 2016 high). That too is within striking distance. A high volume move […]

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POSITION UPDATE 9:42 AM

Wed, 14 Feb 2018

  The economic data released at 8:30 drove gold down to $1319. Prices quickly recovered and are trading around $1334 as I write. The dollar rallied on the news, but prices may be starting to rollover.   -JNUG- I entered 25% of my previous stake at $14.10.  

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USLV POSITION UPDATE 3:53 PM

Mon, 29 Jan 2018

  Miners continue to look vulnerable, and GDX will likely close below the 20-day EMA. Metals are holding up a little better, but the action isn’t encouraging. To err on the side of caution, I’m taking profit on 25% on my USLV position. -USLV- I’m exiting 25% of my position at $11.86.

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TUESDAY REPORT 1/23/2018

Tue, 23 Jan 2018

  Miners filled their gaps and reversed bullishly on good volume. I entered the final positions in JNUG and USLV this morning. My core position is fully established, and I’m overweight silver and junior miners. Today’s price action was encouraging. We are anticipating an upward bias into the first week of February. If the dollar […]

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THURSDAY REPORT 12/28/2017

Thu, 28 Dec 2017

  Metals and Miners formed significant lows in December and prices should rally sharply in 2018. The dollar is breaking support and likely started a new bear market. Commodities, in general, should be embarking on a multi-year advance. Gold is at resistance. Closing the week above $1,300 would be very productive. Failure to break above […]

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TUESDAY REPORT 12/26/2017

Tue, 26 Dec 2017

  Metals and Miners continue to rally out of the December lows, and a significant bottom is possible. There is still a lot more work to be done so we should curb our enthusiasm. But, I think we will look back at this period as an excellent opportunity. And if I’m correct, this could be […]

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TUESDAY REPORT 12/19/2017

Tue, 19 Dec 2017

  Gold is testing an important resistance level, and we should soon know if prices bottomed. Silver is struggling around the $16.18 level, but prices are holding above the 10-day EMA. GDX is at resistance and prices could breakout or decline from here. Junior miners look sturdy and retain the most potential if prices indeed […]

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TUESDAY REPORT 12/12/2017

Tue, 12 Dec 2017

  Tomorrow is FED day, and we need to be on our toes. Timing wise, I expected gold to reach a 6-month low about now. A decline to around $1,200 seemed logical after breaking the October low, but we are $45.00 above our target. Prices would have to decline sharply tomorrow and (or) Thursday to […]

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THURSDAY REPORT 11/09/2017

Thu, 9 Nov 2017

  Gold was up slightly today, but silver and miners weakened. Silver is testing its short-term trendline, if broken, selling could expand. A breakdown below $16.90 and then $16.80 would confirm. Miners look vulnerable. The XAU cycle has been running 21-24 trading days. The cycle may have switched (inverted) from marking lows to highs in […]

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