Category: Reports

TUESDAY REPORT 11/08/2016

Tue, 8 Nov 2016

  Tonight’s election results and tomorrow’s response will likely determine where gold and silver are headed for the balance of the year. A strong rally tomorrow and we can probably take the head-and-shoulder topping pattern off the table for GDX and HUI. Whereas, a significant decline tomorrow will boost the odds of an even further […]

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THURSDAY REPORT 10/27/2016

Thu, 27 Oct 2016

  The miners appear to have broken down today; the final move lower should be underway. As the formation develops, we will refine our targets and timeframe. I will advise members when I begin to enter positions.   -US DOLLAR- Prices bounced off the 10-day EMA and are attempting another push higher. -YEN CHART- The […]

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TUESDAY REPORT 10/04/2016

Tue, 4 Oct 2016

  Well, we finally got the breakdown in prices we were looking for. There was tremendous progress achieved today; this will likely to push forward the intermediate-term bottom from November to October. With the huge drop toady, prices are at or on the verge of becoming oversold. I still think we will descend a bit […]

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THURSDAY REPORT 9/22/2016 WITH YEN ANALYSIS

Thu, 22 Sep 2016

  Gold, Silver, and Miners are moving within a larger correction pattern, and prices will eventually break lower. I wanted to spend some time explaining why I continue to look lower in precious metal prices. The majority of the Thursday report will be spent illustrating the positive correlation between the Japanese Yen and gold prices. […]

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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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