With gold futures slipping to $1725, it’s time to revisit the cycle count and potential scenarios for September. GOLD CYCLE: Gold has been forming cycle lows every 40 to 44-trading days (blue arrows). What do all these lows have in common? Fed rate hikes. The next low should arrive around September 14 […]
Continue Reading →The annual inflation rate rose to 9.1%, surpassing the 8.8% estimate. The odds for a 1.00% hike on July 27th have risen to 48.7% from 9.4% yesterday. -GDX- Miners are forming a bullish engulfing candle after closing the gap at $26.00. It’s still early, but a close above $27.00 would be encouraging. […]
Continue Reading →-DOW- With Tesla finally cracking, I think we could now see an extremely sharp selloff. How prices close today could paint a picture for next week. Note- Metals and miners could get dragged lower with the markets. I would view that as temporary and a long-term buying opportunity.
Continue Reading →The meltdown in crypto is getting worse, and Tether is beginning to lose its peg to 1.00. Tether is the third-largest cryptocurrency and has a market cap near $80-billion. There has been a lot of speculation that Tether is a fraud or a Ponzi scheme. I’ve studied it, and agree […]
Continue Reading →The W-bottom in miners, silver, and platinum is remarkably similar to what transpired in late 2015 and early 2016 as we started a new Fed rate hiking cycle. The correlation may hold some good news and the potential for an explosive rally starting soon in precious metals. GDX 2015 & 2016: We […]
Continue Reading →HYMC UPDATE On April 3, 2021, I featured Hycroft Mining as a top 10-speculative stock. At the time, it was trading at $3.95 with a $237-million market cap (chart below). With a market cap now of just $63-million and with approximately $150-million in debt, they are technically insolvent. Their only hope of […]
Continue Reading →HAPPY VETERANS DAY In this report, I cover a potential meme stock that meets 4 of my 6 moonshot criteria. I bought a little today for the Metals Portfolio, and I will release this information publicly tomorrow – Gold Predict insiders are getting the first-mover advantage. Meme Stock […]
Continue Reading →Gold prices have languished after spiking to new all-time highs in 2020. The Fed’s transitory inflation story is dead, as inflation spikes to 30-year highs. Some estimate the Fed’s favorite measure of inflation (PCE) could double from 3.5% to around 7.0% in 2022. Gold’s Bumpy Road Being a gold investor […]
Continue Reading →Below is a quick update on crypto and gold. According to Bloomberg, Yesterday’s flash-crash in crypto was triggered on the Binance exchange. Below is a chart and snippet from said article (link below). https://www.bloomberg.com/news/articles/2021-10-21/bitcoin-appears-to-crash-87-on-binance-in-apparent-mistake?cmpid=BBD102121_CUS&utm_medium=email&utm_source=newsletter&utm_term=211021&utm_campaign=closeamericas Bitcoin Crashed 87% on Binance’s U.S. Exchange Due to Algo Bug The price of […]
Continue Reading →BARRICK GOLD 3-YEAR CYCLE: The 3-year cycle in Barrick Gold (GOLD) seems to set critical turning points every third September. With prices steadily declining for the past 12-months, the odds support a potential bottom brewing in the following days. Perhaps Wednesday’s Fed decision will force a low (possible spike low). From a technical […]
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