Category: Updates

EVENING UPDATE (POTENTIALLY BULLISH)

Mon, 28 Jan 2019

  The 45-day cycle nailed the low to the precise day. What happens next is critical. I listed the bearish possibility this afternoon. Below is the bullish chance…should the Fed announce something on Wednesday that immediately displaces sentiment. -GDXJ- Today’s candle finished with the same sized body (open to close) as the preceding day. If […]

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AFTERNOON NOTE 3:20 PM

Mon, 28 Jan 2019

  Bigger picture – we have a sharp decline in Money Flows (MFI above) out of the 45-day cycle bottom. Price and MFI would have to blast higher to break the growing negative divergence. Prices haven’t gone anywhere since the December 19th Fed spike. The MACD (below) is softening and would require a sharp boost […]

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MORNING NOTE 11:15 AM

Tue, 22 Jan 2019

  -GDX DAILY CHART- Way too soon to tell, but we could get a cycle low on the 45-trading day if prices hold the 50-day EMA and generate a swing low. In tonight’s report, I’ll cover potential price targets. I’ll be monitoring how prices close, and the buying/selling numbers (volume). I’m off to an appointment […]

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QUICK GDX UPDATE

Mon, 21 Jan 2019

  As I explained in the weekend newsletter, today marks the 45th day of the cycle. We’ve seen cycle turning points roughly every 42 – 47 trading days. I’ll be on the lookout for a potential interim low between now and Wednesday.

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THURSDAY REPORT 1/17/2019

Thu, 17 Jan 2019

  Gold and silver remain in their short-term consolidations. Miners may be forming small bear flags at the 200-day MA. Overall, Gold bottomed five months ago, and the intermediate trend is mature. Prices should be close to starting their decline into the next six month low. Provided, the 6-month cycle is still valid…which is up […]

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MEMBER COMMENT

Mon, 14 Jan 2019

  Metals and miners are consolidating. I’m still waiting for prices to break in either direction. Below is a member comment I wanted to share. Comment:┬áThank you SO MUCH for your report ending comments. Finally a highly educated and experienced investment professional clearly confirmed what I had surmised the past 18-months. Many professional traders have […]

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NOON UPDATE

Tue, 8 Jan 2019

  Interim tops remain possible in metals and miners. Gold and silver are yet to form swing highs, so we remain in the proving phrase. Miners need to close progressively beneath their 200-day MA’s to support a top and interim pullback.   -GDXJ- Juniors are trading lower, but they need to close progressively below the […]

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WEEKEND NEWSLETTER 1/06/2019

Sun, 6 Jan 2019

  Gold finished on Friday with a bearish engulfing candle. I think prices topped and we should see a pullback. The severity and duration of the next correction will tell us if we should be positioned for higher or lower prices in Q1. At 20-weeks the intermediate cycle is quite mature, at some point, gold […]

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DOUBLE BOTTOM BREAKOUT (LESSON)

Fri, 4 Jan 2019

  Before I leave, I wanted to go over a double bottom formation. It’s possible we have one in junior miners. Prices will either fail and decline or prices could breakout. Included are of examples of good breakouts. Note: Above average volume and tall candles should accompany the breakout.   -XAU (JUNIOR MINING INDEX)- To […]

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MEMBER QUESTION (STILL BEARISH?)

Wed, 2 Jan 2019

  Great question from a member below.   Good morning, I just checked various gold mine stocks (Barrick, Kinross, Harmony, Anglo Ashanti, First Majestic) and at the end GDX. To me, it looks pretty much like the start in 2016. This seems to be the breakout. I am aware that gold is close to the […]

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