THURSDAY REPORT MAY 23, 2024

Thu, 23 May 2024

  Metals and miners completed swing highs, and prices are correcting into June cycle lows.  I’ve drawn preliminary target boxes and will adjust higher or lower as this decline materializes.  Once prices bottom, I expect a powerful rally through July and into August; the potential in silver is striking.        The Gold Cycle […]

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THURSDAY REPORT SEPTEMBER 14, 2023

Thu, 14 Sep 2023

    When I look at precious metals, I see the potential for a decisive breakout starting any day.   One potential trigger could be a UAW strike, which could tip the economy into recession.   If the Fed surprises markets and hikes in September or November, we could get one final flush out in […]

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GOLD MINERS (GDX) UPDATE

Wed, 5 Apr 2023

      We should know within the next few trading days if gold intends to breakout above $2080 and rally to new all-time highs.    I’ll be watching gold miners closely for clues. Below are my current thoughts on GDX.     -GDX- The top panel shows MFI is near-term overbought (blue arrows). A […]

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