Category: Updates

ARE RETAIL TRADERS LOSING BATTLE IN SILVER

Tue, 2 Feb 2021

  Silver is under attack, and prices are back below the $27.00 level. Yesterday’s gap higher was closed, and prices are backtesting the intermediate trendline. What happens next is crucial!    A close below $26.00 would establish a false breakout and bearish reversal (favorite trick of manipulators). In this scenario, silver could collapse back towards $22.00, possibly […]

Continue Reading →

WEEKEND SILVER UPDATE

Sun, 31 Jan 2021

  Below is a snippet from a Bloomberg article I’m reading. It appears physical silver dried up over the weekend. Increased demand could push prices through $28.00 resistance and trigger a sharp rally next week.      Silver Coin Sites Grind to a Halt as Reddit Horde Takes Aim Retail sites were overwhelmed with demand […]

Continue Reading →

GAMESTOP PRICES STILL CLIMBING 10:32 AM

Wed, 27 Jan 2021

  -GME- You’re not going to believe this, but GME is up another 80%+ after yesterday’s 92% gain. Prices are up 1400% in January! Short sellers are getting bloodied, making them have to buy at ever-higher prices. This is nothing more than a high-risk game of musical chairs – when the music stops (prices top), […]

Continue Reading →

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 […]

Continue Reading →

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 […]

Continue Reading →

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 […]

Continue Reading →

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. […]

Continue Reading →

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 […]

Continue Reading →

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; […]

Continue Reading →

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 […]

Continue Reading →