Gold prices corrected after being up for six straight weeks; prices should turn back up soon. Silver and Miners had mild corrections compared to gold but should also turn higher next week. We expect prices to climb for another week or two before dropping into the second common cycle low of the larger 6-Month […]
Continue Reading →Many things in life have a cyclical cadence to them. In nature, you will find that water has a cycle, a dominate nitrogen cycle, and even a carbon cycle. Economies unquestionably have a cyclical nature to them as well, fluctuating between periods of expansions and contraction. The business cycle is comprised of mechanisms such […]
Continue Reading →Gold prices corrected to the 20-day MA, and have satisfied my outline for a correction. Miners and silver are forming high-level consolidations, it doesn’t look like they will drop any lower. We should see prices start to move higher again shortly. -US DOLLAR- The dollar is still consolidating, but it’s now getting close […]
Continue Reading →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 […]
Continue Reading →As the update indicated, we are getting a more consistent correction in gold prices than we witnessed last Friday after the jobs report. I don’t expect this to last very long, and gold should stay above $1,300. -US DOLLAR- The dollar is still stuck at the 200-day MA and can’t gather momentum in […]
Continue Reading →I like to update when a noteworthy event occurs. Well, today 10-year Treasury yields dropped to a historical and new low; they will continue to fall until late this year. Negative interest rates (Germany, Japan, and Switzerland, etc.) provoked a rush into the higher yielding U.S. Treasuries, consequently pushing yields lower. We expect yields […]
Continue Reading →GOLD PRICES: THE ROAD TO $10,000 I’ve been hesitant to approve the December 3rd $1,045.40 low as the official 8-year cycle bottom. Nevertheless, gold price closed the second quarter (Q2) above my long-held benchmark (16-Quarter MA) reassuring me that the 4-year bear market in precious metals is over. Warnings were lifted, and gold prices have […]
Continue Reading →Prices made a new closing high today. However, they never closed below the 10-day EMA in mid-June, potentially a sign of strength. Recent cycles have topped after 21-days, and we are currently on day 20. Despite making the new high, I’m not sure prices will stay there for long. I will be watching for […]
Continue Reading →The Brexit vote is in full swing, and we should have an inclination of the results by midnight. The official announcement will arrive between 5:00-6:00 AM EST. Britain will probably remain in the EU, and I think money will start flowing back into stocks and the “risk on” trade might resume. There could always […]
Continue Reading →To no surprise, everything is lining up to either breakout higher or breakdown this week. I think bullish sentiment is very high, and the corrections into the May low’s seemed inadequate. Whichever way prices break following the Brexit vote will determine if the 6-month cycle bottomed in late May or if this move has been […]
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