Category: Updates

MORNING NOTE

Fri, 23 Jun 2017

  Metals and Miners continue their rise, and this looks like the bounce we were anticipating. Both gold and miners (GDX and XAU) failed to reach the trendlines outlined in the Weekend Newsletter. The interim rally we are observing should be short-lived. I’ll be looking for prices to top between now and Wednesday of next […]

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LONG-TERM STRATEGY

Fri, 12 May 2017

  First, let’s get the disclaimer out of the way. I’m not a licensed financial advisor. Investing is risky. A catastrophic financial loss is possible. Precious metals are incredibly volatile assets. Don’t risk anything you’re not willing to lose.   LONG-TERM STRATEGY There are several ways to make money in the markets. One of the […]

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PUBLIC ARTICLE

Fri, 5 May 2017

  Gold Forecast: Prices Are Dropping Into The 6-Month Low Precious Metals and Miners are advancing toward their intermediate targets outlined in our April 21st exclusive: Gold Price Forecast – The Correction Into May Has Begun. The daily cycles are close to bottoming, and an interceding bounce is warranted. The short-term price objectives for DUST […]

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THE FED SELLOFF

Wed, 3 May 2017

  Gold closed the day at $1,240 and Silver at $16.48. Miners rallied most of the day but sold off after the FED announcement. Nonetheless, miners were relatively stable in the face of significantly lower metal prices. Perhaps subtle signs of bottoming. GDX rallied to the 10-day EMA by 2:00 PM before selling off. Prices […]

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GOLD UPDATE

Wed, 19 Apr 2017

  The short-term objectives (4-5 Weeks) in DUST and JDST are making headway. However, geopolitical instability or a Trump tweet could change things instantly. Nevertheless, the action in miners today bolsters our analysis. DUST prices could reach $36.00+ in May, and I presented the potential target area for JDST. These trades are countertrend and therefore […]

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MORNING NOTES

Wed, 19 Apr 2017

  10:51 AM – Metals and Miners are exhibiting continued signs of weakness today. If prices remain under pressure, we could see gold finally close beneath the 10-day EMA. There’s lots of trading left; let’s see how prices respond. 11:39 AM – Crude oil is breaking below the $52.70-$52.50 level. I removed the remainder of […]

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RECORD NET SHORT SILVER POSITION

Mon, 17 Apr 2017

  Gold reached a high of $1,297.40 in overnight trading and prices are back down to where they closed Thursday ($1,288). Silver reach $18.65 and has fallen back to around $18.54. Gold needs to break below $1,273, and silver needs to drop below $18.24 to promote a breakdown in price.   -SILVER COT REPORT- I […]

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GOLD UPDATE

Wed, 12 Apr 2017

  It’s disappointing when precious metals diverge from my forecast. When this occurs, I spend countless hours pondering the charts and various cycles seeking answers. I want our members to be informed, and if I’m wrong, I will readily acknowledge it. Here’s what I think happened. The missile strikes in Syria are likely extending the […]

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MORNING UPDATE

Tue, 14 Mar 2017

  Miners rallied nicely yesterday, further endorsing interim lows. However, gold and silver are yet to establish proper swings and the potential for a decline after the FED meeting remains. In the Weekend Newsletter, I noted how gold and silver had a tendency to bottom shortly after the rate hike. The odds for a rate […]

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GDX UPDATE 2:46 PM

Fri, 10 Mar 2017

  Miners are testing yesterday’s highs, and we may have an interim low if prices close above them. A bounce should last 1-2 weeks. The first line of resistance arrives around $23.00. -GDX- Prices are testing yesterday’s high. A daily cycle low is likely if prices hold this level or better into the close. The […]

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