Category: Reports

TUESDAY REPORT 9/13/2016

Tue, 13 Sep 2016

  Our Buy Zone analysis is on track. The next signpost we are waiting for is a price break of the recent common cycle lows. When that occurs, I expect selling pressure to intensify, and prices should finally enter the upper portion of the Buy Zones. Once in the Buy Zones, I will do my […]

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THURSDAY REPORT 8/11/2016

Thu, 11 Aug 2016

  Another day of weakness in metals and miners. If gold is indeed forming a small bear flag, it should break lower by tomorrow or Monday. I’m assigning roughly 70% odds to the alternate scenario. If there isn’t a decisive breakout either higher or lower this lack of action could morph into a tedious sideways […]

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THURSDAY REPORT 7/14/2016

Thu, 14 Jul 2016

  Gold prices corrected to the 20-day MA, and have satisfied my outline for a correction. Miners and silver are forming high-level consolidations, it doesn’t look like they will drop any lower. We should see prices start to move higher again shortly.   -US DOLLAR- The dollar is still consolidating, but it’s now getting close […]

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TUESDAY REPORT 7/12/2016

Tue, 12 Jul 2016

  As the update indicated, we are getting a more consistent correction in gold prices than we witnessed last Friday after the jobs report. I don’t expect this to last very long, and gold should stay above $1,300.   -US DOLLAR- The dollar is still stuck at the 200-day MA and can’t gather momentum in […]

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TUESDAY REPORT 6/21/2016

Tue, 21 Jun 2016

  To no surprise, everything is lining up to either breakout higher or breakdown this week. I think bullish sentiment is very high, and the corrections into the May low’s seemed inadequate. Whichever way prices break following the Brexit vote will┬ádetermine if the 6-month cycle bottomed in late May or if this move has been […]

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TUESDAY REPORT 6/14/2016

Tue, 14 Jun 2016

  Tomorrow is the much anticipated Fed announcement; a press conference is to follow at 2:30 PM EST. There is almost a zero chance they will raise rates at tomorrow’s meeting. Therefore, everyone will be focused on specific verbiage and the press release. Gold could easily breakout above $1,300 tomorrow but with the Brexit vote […]

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TUESDAY REPORT 5/10/2016

Tue, 10 May 2016

  Forming a top can be quite the process, some cycles seem to drag out as Bulls and Bears fight for control. This cycle has topped, but there are still late comers (bulls) trying to buy, and volume is receding with each rally. Prices will trend lower over the next several weeks and are likely […]

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