Category: Updates

GOLD MINERS UPDATE 11:40 AM

Wed, 19 Dec 2018

  At the moment it looks like miners hit the precise C-wave target cited yesterday and topped. Let’s see what happens after the Fed announces. I said today would be volatile. Juniors reversed hard as well. Let’s see how they finish.

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MORNING UPDATE 10:12 AM

Wed, 19 Dec 2018

The dollar is down, but it hasn’t broken support. Metals and miners are up. I’m still surprised at the sudden rise in miners before the Fed announcement. That is the type of action you expect after a significant decision – not before. It leads me to believe that prices are about to top dramatically or […]

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MINING/GOLD RATIO UPDATE 3:22 PM

Tue, 18 Dec 2018

  The HUI/GLD ratio is approaching critical resistance. Since early 2017 most advances in the mining/gold ratio terminated after spiking briefly above the 200-day MA. The green downtrend line has kept the ratio in check. Will this area defeat prices once again? If history is a guide, we could see the ratio spike over the […]

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MORNING UPDATE 12/18/2018

Tue, 18 Dec 2018

  The next 72-hours are critical. It seems nearly every market is at a significant tipping point. Tomorrow’s Fed decision will either extend or reverse the current trends. Expect increased volatility.   -GOLD- It looks like prices are trying to break higher from the small bull flag. Resistance coordinates between $1258 – $1270. If we […]

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BITCOIN UPDATE (BREAKDOWN?)

Mon, 19 Nov 2018

  Bitcoin is below the $5700 support level (currently $5,219) and prices could enter a secondary collapse. The next level of support is $5000. Below $5000 and investors may begin to panic. It looks like prices are heading to $2000 – $3000 before the next significant bounce.   For review, here is the August Bitcoin […]

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JDST UPDATE 3:30 PM

Tue, 13 Nov 2018

  I purchased JDST last week at $73.45. Prices are up nearly 15%. I’m leaving tomorrow for a hunting trip, and internet access will be minimal. I’ve decided to place a stop just below today’s $80.37 low to protect the gains.

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CLOSING UPDATE 3:43 PM

Fri, 9 Nov 2018

  Little changed from the previous update. Gold, Silver, and GDXJ all broke their October 31st pivot lows, GDX hasn’t. The setup for a sharp 3-5 day decline remains. However, if it’s going to happen, it should occur relatively soon. Like I said, maybe gold needs to fall below $1200 before we see a significant […]

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MORNING UPDATE 11:05 AM

Fri, 9 Nov 2018

  We are getting some downside price action in metals and miners today. I’m pretty confident this is the beginning of the November decline that should lead to a December bottom. At the moment, I do not see the sharp down swing in miners I felt was possible. That may change later today or on […]

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MORNING NOTE 8:50 AM

Fri, 9 Nov 2018

  We are getting some downside follow-through after yesterdays Fed announcement. Gold (December) is below the $1213 low set last week. Silver is back below the $14.25 level. I imagine we will see miners gap lower at the open. If this is the collapse described in the GDX bull trap update, then we should see […]

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AFTERNOON UPDATE 3:35 PM

Thu, 8 Nov 2018

  Gold fell below $1223 (currently $1222), and prices appear to be slipping after today’s Fed announcement. The next vital levels reside at $1218 and $1212. -GDX- If we are going to see a November breakdown, it should begin soon. If prices aren’t heading decisively lower by tomorrow or Monday, then we could be stuck […]

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