Category: Updates


Wed, 2 Nov 2016

  I’d like to take a moment to explain the bearish possibility I laid out in the November update. A few members were surprised, feeling that I had somehow grown pessimistic. I assure you that is not the case. Pessimism implies a personal bias based on individual emotions. I learned a long time ago that […]

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Fri, 14 Oct 2016

  Prices may be setting up for a sharper decline than I previously expected. Prices breaking below the 211 level could send things lower quickly. -SPY- Similar to the gold setup a few weeks ago if prices break below recent support (211) prices could move sharply lower. Median target would become 204.50 on a confirmed […]

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FRIDAY UPDATE 10/14/2016

Fri, 14 Oct 2016

  Metals and miners can’t seem to get enough traction for a bounce and may be setting up to break lower sooner than I expected. If prices drop next week, I’ll be watching for signs of a bottom and reversal. One more drop should complete the intermediate-term decline, and a new up cycle will likely […]

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Fri, 30 Sep 2016

  Gold Prices: Looking Like A November Bottom   Our works suggest that gold, silver, and miners are approximately 6-weeks away from making a significant low. Originally we anticipated an intermediate degree bottom in late September. However, prices churned sideways through all of August and September subsequently postponing The Next Great Buying Opportunity. The price […]

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MONEY FLOWS 9/19/2016

Mon, 19 Sep 2016

  I sometimes look at the money flows for clues regarding potential turning points in price. These numbers aren’t always accurate, but scores of buying or selling can influence short-term market direction. Three of the last six trading days had moderate selling into strength numbers pop up in miners. This action supports prices dropping a […]

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Fri, 2 Sep 2016

  Here is a quick gold cycle update. It appears we are rallying out of the third common cycle low. This rally could last up to ten trading days but be as little as four trading days. The intermediate cycle has already failed, topping at $1,377.50. I expect this rally to fail and break below […]

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PORTFOLIO UPDATE 8/12/2016 12:58 PM

Fri, 12 Aug 2016

  Prices shooting higher and then falling is a sign of distribution and selling into strength. This sometimes occurs before a price breakdown. Yesterday’s report cited a 70% chance of prices going lower into September. I would bump that number up to 76% today. I’m selling my short-term positions at these levels. If prices convince […]

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UPDATE 8/03/2016

Wed, 3 Aug 2016

  Prices are pulling back slightly as traders take profits and square positions before the Friday employment numbers. I’m expecting everything to hold above their 20-day averages (EMA’s) between now and Friday morning. Everything should turn higher for the remainder of August once the jobs numbers are behind us. -GDX- Prices may pullback a little […]

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UPDATE 7/25/2016 11:31AM

Mon, 25 Jul 2016

  There is further weakness in Gold, Silver, and Miners today revealing why they were unable to confirm lows last Friday. I expect the $1,300 level in gold to hold this week. Consecutive closes below $1,300 would suggest my cycle count is off, and I will need to adjust. I give that scenario low odds […]

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Thu, 14 Jul 2016

  GLD has touched the 20-day MA, and could find support here. I would be surprised if GLD drops below 124 during this correction. I think it’s safe to buy at these levels. In spot gold, I would grow concerned if prices fell below $1,310. I’m expecting 138+ in GLD later this summer with the […]

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