Category: Updates

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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BE CAREFUL PICKING A BOTTOM

Tue, 17 Mar 2020

  The urge to jump into gold and miners may be overwhelming for some investors. I suggest caution as the first wave of bottom pickers usually regret their decision.  I’ve been doing this for a while, and I’ve seen massive swings in precious metals. Through experience, I learned to be patient and to wait for […]

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MORNING CRASH UPDATE 10:55 AM

Mon, 16 Mar 2020

  Several miners and silver companies are rallying or near positive territory despite sharply lower precious metals (paper price). Premiums on bullion have jumped. I want to see if the morning boost is just a gap fill or real demand. It was a long scary weekend for people. So, if it’s just retail traders freaking […]

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FED CUT RATES OVER THE WEEKEND

Sun, 15 Mar 2020

  In an unexpected move ON Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero (was 1.00%) and will be launching a new round of quantitative easing. The QE program will provide $500-billion worth of asset purchases, including Treasury’s and mortgage-backed securities. It’s unclear what this will do to the […]

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AFTERNOON UPDATE 1:05 PM

Fri, 28 Feb 2020

  Trying to make sense of these markets is impossible. If I told you U.S. stocks would crash 14% in one week – how high do you suspect gold would jump? $50…$100…$150? I would guess at least $100 but probably more. Nope – Gold prices are down over $50.00 on Friday. All week I’ve been […]

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