Category: Updates

GEORGIA SENATE UPDATE (THE RACE TIGHTENS)

Mon, 4 Jan 2021

  The Georgia Senate race has tightened to nearly a coinflip compared to the 68% to 35% reported Tuesday. If the Dems win both seats (currently 47% odds), that would change things from a divided government to one that’s united. The Dems, if in control, would increase spending and stimulus, but with that comes the potential […]

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US DOLLAR UPDATE

Wed, 30 Dec 2020

  -DOLLAR DAILY- I think the dollar is experiencing a meaningful devaluation. Prices are extremely overdue for a bounce, but the trend pushes persistently lower. The final area of support arrives at the 2018 low of 88.15. If that level fails, I believe the USD could collapse to 80 by April/May 2021. -DOLLAR MONTHLY- We […]

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GOLD UPDATE 8:55 AM

Thu, 24 Dec 2020

  Reminder: U.S. Markets close at 1:00 PM today and won’t reopen until Monday, December 28, 2020.  Because Markets are closed Friday for Christmas, tonight’s report will act as the Weekend Newsletter.      The stimulus saga continues. President Trump is asking for $2000 payments to individuals versus $600. Congress could amend the bill and vote […]

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GOLD UPDATE 8:20 AM

Tue, 15 Dec 2020

  We have a Fed announcement tomorrow at 2:00 PM, followed by Chairman Powell speaking at 2:30. There is some speculation the Fed will increase their asset purchases. I don’t think they will do anything until the employment numbers get much worse. Either way, it will be important to monitor gold’s reaction following their decision. […]

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DOLLAR UPDATE

Tue, 18 Aug 2020

  For gold to drop into the next 6-month low, we need the dollar to stabilize and turn higher. After consolidating for 2-weeks, the dollar is once again slipping to new lows. The trend is incredibly oversold, and prices are down more than 10% since March…we are due for a bounce. I see the potential […]

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GOLD AND DOLLAR UPDATE

Tue, 4 Aug 2020

  I see the potential for a spike high in gold this week. The days surrounding Friday’s employment report are crucial. If the dollar bottoms around 92, that could trigger a multi-week correction in gold, potentially severe. The US dollar spiked to 103.96 during the March liquidation. Prices are down over 10% from that peak; […]

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GOLD PRICE UPDATE

Wed, 1 Jul 2020

  Futures reached an intraday high of $1807.70 before sinking back below $1800 (currently $1778). As long as prices stay below $1820, a top is becoming possible. To help promote a top, I’d like to see prices first close below $1770, but a breakdown below $1750 is needed to confirm. GOLD DAILY TARGET: To support […]

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MORNING GDX UPDATE

Mon, 22 Jun 2020

  -GDX- Miners gapped above the $34.00 price level and the short-term trendline. If today’s gap holds (prices stays above $34.00), we could have a short-term breakout. Reminder- A top in gold is possible this week if futures fail to breakout above $1800.

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EDUCATIONAL METALS PORTFOLIO

Tue, 28 Apr 2020

  The Educational Metals Portfolio is a long-term accumulation strategy designed to reduce trading stress and improve long-term gains. The Educational Metals Portfolio is for informational purposes only and should not be construed as a solicitation or offer to buy or sell any financial instrument. Consult a licensed and qualified professional before making any investment […]

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CLOSING UPDATE

Wed, 25 Mar 2020

-GDX- Miners are at critical resistance. Prices closed above the gap and above the $25.50 level, but below the 50-day EMA. If this is a convincing rebound, as I suspect, then prices should turn lower by tomorrow or Friday. A powerful surge above the 200-day would imply a breakout, and I’d consider a long position. […]

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