Category: Updates

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 […]

Continue Reading →

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 […]

Continue Reading →

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 […]

Continue Reading →