They Look Really Bullish

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Nov 15, 2014 Weekend Report I was driving to a formal event today when suddenly I saw what appeared to be a 'sign' on the side of the road, so I pulled over and there we were...3 of us looking pretty bullish ! For my 2 new friends it came naturally, but for me it has been building for over a week.  If you recall my article written pre-mkt last Friday (Nov 7), I felt that I had seen a legitimate "SHAKE OUT" in the overnight action and said that I was buying in the pre-market . I also mentioned that confirmation would likely come this week and I outlined briefly what I would be looking for.   (If you're new here, you may want to read the articles outlining my expectations. A short one last Friday is here  Scary yet Beautiful    Or   the weekend report Bears get tired too)...  We will now review whether  conditions have been met to increase the likely-hood of a Bottom being put in place Friday Nov 7 for GOLD, Wednesday for Miners.  ALSO I NEED TO BE CLEAR...A Bottom here would not necessarily mean THE BOTTOM at this point, but certainly weeks of gains.  To the Charts! AUDIO version  here  click here then click 'download' & 'OPEN' to play -Then come back & follow the charts Last Weeks chart - Broke 1.5 yrs support and MOST called for a cascade sell off . To me, likely a SHAKE OUT. GOLD WKLY   BEARS had MANY reports of a "Break down in Gold & Imminent crash targets" (I know because 5 of my readers emailed me those reports! ) Some were fearful and others concern for my well being...I thank you for that.  HOWEVER-   Read More

What Were We Expecting? What Are We Seeing?

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Nov 14 -  Morning Report   I had a report written by 9:15 A.M. today  showing positive signs in the Gold overnight, which were leading me to believe that the "WEEKLY" charts would end with GOLD putting in another weekly  reversal candle. The action yesterday in Miners was mentioned in yesterdays report and I said that GDX had broken below its recent uptrend line and would need to recover to be a shake out and not a break down. It has.  GDX & GDXJ are both WELL ABOVE their 10sma & Volumes today is strong. So based on all the reports from me for the past week or so- what do you think we are seeing?  Yesterday there was weakness in the Miners &  I posted an update  report saying that DEC 2013 lows had a momentary flush of the lows and 'possibly' we could see the same, but I still was not expecting a PLUNGE lower to $1000 or $800   (YET)  .  I have been saying that I expected that we are at lows and would have a nice rally for at least the next few weeks.   I will now share a couple of the charts that I had for this mornings report, but Gold & Silver have exploded higher and I will tell you what I think we are seeing here and how you can benefit. At 9:00 A.M. I was going to point out that GOLD held prior support & Reversed ( That was Bullish) (Click to enlarge) GOLD 4 right now   As I was finishing my report at 9:15, it started to break higher  (breaking out?) GOLD CURRENTLY NOV 14 Then... Read More

Nov 13 UPDATE

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2:45 P.M. Nov 13.   (I apologize for the late "Alert" , the auto Email alert system apparently was down when I posted this)   Many have asked that I occasionally show what I watch during the day  and post here.  I don't want to watch and report on every little wiggle, but there are interesting things to look at . Especially since this mornings report I showed a possible stab at a lower low still fitting the cycle counts & Elliot wave ,etc ...so let me show you quickly what I am watching.  it is more bearish for Gold Miners, but...so far GDX and GDXJ  do remain above the 10sma on a daily chart  (not shown) .  So these are the intra-day wiggles that I look at.  More charts / less words here so I can post quickly . GOLD looks fine  (so far) ...many shake outs , but regains support areas.  (Click to enlarge) GOLD AGAIN   If  "MINERS LEAD"..are they holding up ok?  They remain above the 10sma so far,  BUT...   Read More

Did you say a “Core” position?

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Nov 13, 2014  Not a lot to say today- I got about 80 replies to the recent request for input on a better designed website. I tried to reply to each and every one. I THINK I may have accidentally permanently deleted one of them, if you didn't hear back from me, I apologize- I DID read it before that happened. You can even resend it and I'll get back to you, but I spent a good deal of time replying and thanking everyone for such positive feedback.  Pat yourselves on the back, what a Kind group of people are reading here!  AUDIO LINK HERE  click here Now..A CORE? I had a couple people ask me why I dont discuss my "Core" holdings vs trades. I will when I have some, but until things start trending, I cut the core! Maybe some ENERGY or  COAL stocks are a little more BUY & HOLD  at this time. Some have begun trending.  And  since the COAL lows, earnings were released late OCT- it would seem that any bad news is baked in and upside seems to be steady  (Above the moving averages. Lets take a quick look...   BTU - recommended yesterday at 10 A.M. BTU 1 .5 Hrs later BTU 2 Also ... Read More

Nervous? Heres a different perspective

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Mid day update /  Miners selling off  writing at 12:05 p.m. When I start seeing a sell off in Miners after I feel that I've done all my homework , I dont panic - I just need to look and see what might be happening. What (if anything) should limit the sell off? Is it normal? is it ugly or extreme?  So lets review a couple of quick charts that I threw together and see where we might be .  First off, GOLD is not selling off , but are Miners leading? What do I look for with GOLD?   GOLD  (Click to enlarge)   GOLD NOV 12   So Gold is holding up, what about Miners? Are they shaking some out, or are they about to collapse?...   Read More

It isnt pretty, but the set up seems to be

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Nov 12   10:00 A.M. Eastern       I am pretty focused on the Metals & Miners recently, but If you missed the run up in COAL and wanted to get in, it may be setting up for another leg up after a recent pause. These 3 charts show that the recent pullback is nearing support and could offer a low risk entry, because your stop is safely below support areas. WLT   And also ....   Read More

Would You Want To Be Short Gold Right Now?

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Nov 12, 2014     Short Gold? No thank you!

 

GOLD WED

Reminder: Not All Bottoms Look The Same

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Nov 10, 2014       Mondays action was what ... Scary?  Yes, scary if you had a long  position.  If you didnt have a position, maybe it was time to take one!  Was this another chance to buy in the Area near the lows ? ...or...Was today a chance to go short for the coming plunge?   I ask that because I know many  (not here necessarily) viewed today as "Weakness".    'The Bulls have no strength , no follow through, No buyers and the Bears are still alive and well.'  And while I have to admit that that COULD be the case, I doubt it.  Bottoming is often called a "Bottoming Process" because the battle of the bulls & bears doesnt allow a sell off or a rally - At First. If you examine previous "bottoms",  you'll see that many act just like this before they take off upside. If it's a Real Bottom, that battle often drops off the New buyers, and leaves them behind.  AUDIO LINK CLICK HERE     AUDIO LINK Look at prior lows for Example:  The reversal candle made the lows, then the next week sold at least 1/2 way down that candle   GOLD LOWS   So what we see happening also happened at June 2013 , Dec 2013  lows, May 2014 lows ...Now   Read More

(Part 2) Sometimes They Just Get Tired

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Nov 7 Weekend Report (part 2)-    Bear on a Tear! Bears can be powerful when on the attack, and Bear Market sell-offs are no different! Sometimes, however, they just get tired. In Part 1,  I was pointing out a few other hated sectors that have been selling off viciously and showing how they are setting up at their lows in various ways. We caught Energy (XLE)  the day of the lows mid October,  and they bounced and double bottomed and so on. COAL / Uranium stocks similar...so what about Gold, Silver, & Miners? LAST WEEK I saw some interesting things and want to share them with you now. To The Charts!   Audio & what I wrote are almost the same, audio is 20 minutes, if you dont have time, reading it is almost the same. AUDIO = click here   wkend report part 2 GOLD WEEKLY GOLD WKLY   Gold rejected the lower price/break down last week and closed at the highs, just shy of breaking back into that trading area. We want to see that this week. Will we? Look at the Middle indicator (Histogram) & the RSI. At new Price lows , they usually drops too. We hit new price lows, break down lows, and the Hist held up. I like that divergence. At the end of Part 1 I said ...As I write GOLD is dropping straight down $6 and it will again be difficult to post a BULLISH report,  but I would actually like to see GOLD crash down to $1154!!     I would!      (He said as GOLD continues to drop)   We are now down $12 to $1166. I am O.K. with that.     Read More

Are The Bears Toast – Or Just Napping?

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Weekend Report Nov 9   In my past few reports, I have been pointing out many "Set ups" in Energy / Coal / Uranium stocks & Miners possibly setting up too.  Friday  I posted in my report that I was buying pre-mkt at 6 a.m. in the Gold/Silver sector , and laid out all the reasons why. In this weekend report I want to share further thoughts, observations. At times in my research  I try to think outside the box -  and I even find stuff that blows MY  mind .  I did and want to share that too.  To start....Are the Bears in some sectors taking a nap or losing control?  To the charts!  My reports earlier this week highlighted Opportunities showing double bottoms and other bullish set ups .  This chart was posted for uranium for Example:  They were READY TO BUY   URANIUMS Here it is now URA UPDATE Others mentioned have burst upward and the good news? Similar opportunities are still present, lets review several sectors...   Read More