Category: Updates

QUICK GOLD UPDATE

Fri, 13 Aug 2021

  Gold prices stabilized after spiking below $1700 early in the week. A close on Friday above $1760 could trigger a bullish reversal and a potential double bottom.   Before we jump into the weekend, I wanted to mention the weekly chart of gold.   GOLD WEEKLY: A close above $1760 on Friday would create […]

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Must Hold Bullish & Bearish Price Levels for Gold and Miners

Fri, 9 Jul 2021

    Gold Forecast – Must Hold Bullish & Bearish Price Levels for Gold and Miners   Metals and miners continue to climb a wall of worry out of their June lows. In this update, I provide key prices levels to monitor into August. Overall, our long-term outlook remains firmly bullish.   Red Flag or […]

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CYBERATTACK UPDATE

Wed, 2 Jun 2021

  Cyberattacks are becoming more prevalent. A few weeks ago, bad actors attacked the Colonial pipeline and now the largest meat supplier in the U.S. I believe these attacks on infrastructure and the food supply will continue. We are no longer dealing with tech-savvy hackers living in their mom’s basement. These hacks are sophisticated and perpetrated by Artificial Intelligence. […]

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MORNING GOLD UPDATE 9:14 AM

Fri, 9 Apr 2021

GOLD 4-HOUR CHART: Gold (currently $1732.80) was unable to break above resistance surrounding $1760 on the first attempt. Prices are pulling back and should find support between $1720 – $1740. It would take a sustained breakdown below $1715 to propose a deeper pullback. Otherwise, I’ll look for prices to stabilize and prepare for the next […]

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GDX UPDATE (POSSIBLE BOTTOM) 8:45 AM

Thu, 11 Mar 2021

  Building off last night’s GDX update, I wanted to point out additional similarities between 2016 and now.  GDX 2016 CORRECTION: After a very sharp rise in 2016, miners entered a multi-month corrective phase. The 2020 pattern is following a similar path and could confirm a bottom soon.  Note: The third and final breakdown (below […]

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GOLD NEARING PRE-COVID HIGHS

Thu, 18 Feb 2021

  Gold has been in a downtrend since August 2020. Investors are turning bearish, and we could see a selling climax in the coming days. Our gold cycle indicator is near its maximum bullish reading, and we expect a bottom forthwith.   It’s important to note that gold is approaching its pre-Covid (February 2020) high […]

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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 […]

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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 […]

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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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