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I really want to thank you for following along here at ChartFreak. Whether you have been here since I started posting last March, or you have just joined me in the past few weeks, I’m happy to have had the opportunity to share my years of experience with you.   I have appreciated the support through your kind comments and I’ve also enjoyed the various questions that many have asked. It has helped me to get to know you and allow me to better structure my posts and reports to provide real, actionable value to my readers.  I know readers have varying trading experience, but you’re all here seeking to achieve the same goals in the end, which is to be a more successful trader. No matter what level you’re currently at, I’m confident that with my extensive experience, you will learn trading strategies that will make you a better trader.

At this point, I have found it necessary to re-design the website in order to support a better user experience.  As a free service, the site has grown dramatically and to the point where I’m concerned many of the strategies I employ will become too freely available.  Many of the charts I show are of high-flying stocks just breaking out and this type of information should be more restricted.  But to be perfectly honest, maintaining the volume and quality of these reports is time consuming and it does take time away from my personal trading.  It takes many hours per report to provide this level of service and I hope you can appreciate that doing it for free is just not a long term sustainable model.  I love sharing my knowledge, but to continue providing a great experience for you my time needs to be compensated.

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Deviate From The Norm

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Dec 1,2014      An Anomaly is something that deviates from the norm or the standard.  When you see one, its rather hard to know what to make of it.  Even though we have to "Expect the unexpected" in the markets, I must admit that Fridays HIGH VOLUME  in Gold / Silver / Miners (And OIL / Energy stocks  for that matter) took me very much by surprise.  Let me say that I was Shocked when I saw that volume, let alone that it came in the form of a GOLD SMACK DOWN on a holiday.   Friday was an anomaly for me.  By normal standards it is usually part of a  4 day vacation type weekend when many 'pack it in' to travel & be with family. That Friday after Thanksgiving is usually a shortened  light volume 1/2 day of  trading .  A NON-EVENT. When someone asks me "Are you still learning from the markets?" I give it a resounding "OH YES!" for just such occasions.  lesson here, stay alert - stay frosty at all times,  and if the markets are open....expect the unexpected!   The Big question is , "What happens now with Gold? Are the recent lows doomed? Did the Swiss Vote ruin everything?" Lets review a few points and discuss Read More

You Have 1/2 Day To Decide

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11/28/2014    GOLD!    Meltdown? Blast Off? Non-Event? The question on many investors in the metals markets this weekend points towards the SWISS REFERENDUM. And as far as holding your current positions or selling them, you now have 1/2 day to decide whether you should HOLD or you should SELL.  Let me just say, I've laid out the BULLISH case here for the past 3 weeks and so far, we have seen matters play out exactly as I thought it would.   However, The event Sunday can cause a knee-jerk reaction and so I want to mention that there is no shame in selling if one is unsure or nervous. Todays 1/2 day of trading is your last chance to do so. I am here to again review why "Nothing has changed" so far, because I did get a good number of emails asking me about that.   GOLD  -  Yes it has sold off again.   In many prior reports I mentioned that Fridays have been pretty predictable that way lately, so that you'd be prepared. Take a look,  does it look absolutely broken to you?   Gold 1179   That $1179 has been an important number,on Nov 18 I shared this chart below on FED day to prepare us for that...   Read More

DID YOU SEE ‘IT’ THIS TIME?

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Nov 25      PART 1   This  first part of this report I wrote at Noon time Tuesday. AUDIO LINK    click here / then click 'download' -  then click "open" & return here to follow charts when you hear the audio    Follow my thinking on this one  :    Earlier I discussed the SWISS BANK REFERENDUM and how some may be cautious going into the weekend with that on the table.  Anyone who has entered trades in the Gold & Silver markets may be planning on Selling Friday, especially if they didn't buy near the lows and cant take a possible "Gap Down" Monday after the vote.  I have pointed out that for the past  3 Fridays People are nervous holding metals positions into the weekend.  I see on several Blogs each week,  "I am NOT holding Miners into the weekend" and then Friday there is a sell off in GOLD only to see that  later it closes GREEN .   Interesting .  Could selling this week be  "The Final Shake Out / Leave many behind move"  before a nice break out higher?  Break out?  Yes, above the 50sma on $GOLD $GDX $GDXJ    GOLD 50sma dance   Read More

Things To Be Aware Of

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Nov 25, 2014     AUDIO HERE  http://www.screencast.com/t/X77Ul4hyP    We have a light volume / Holiday shortened trading  week in the U.S. Mkts this week  , so In todays report I  just wanted to point out a few things that are Noteworthy. BRIEFLY let me just mention that the SWISS Referendum. It is a  vote that takes place on Nov 30 deciding 2 things actually. 1.  Whether or not the Swiss National Bank should be barred from further selling of their gold reserves. 2. It also would mandate that they need to more than Double current reserves!  THIS VOTE takes place .....................SUNDAY.  Its important to note because it may influence how you are positioned going into the weekend. I believe the vote could be a "catalyst" for strong POP in Gold Monday or possibly even a sell off into a somewhat early Daily cycle low. If you want my opinion, I think a NO VOTE is expected and so its already baked in.  A YES vote would cause a strong rally , because there are bullish implications ( Swiss Bank Cant sell Gold / Swiss Bank must begin buying / Accumulating Gold  (they currently hold 8% of assets in Gold and the vote would mandate accumulating and holding at least 20% over time). There is more , but that's enough to know for now.  Here is how I am looking at GOLD from day to day. GOLD Please notice the "NOISE" zone. (Click chart)   GOLD NOV 25   It seems that when GOLD drops only $5- $8 ,  I get emails asking for an update.  I am told that accumulation is lightening and this is apparently bearish, etc.  Realistically, GOLD cannot stand at 1 price all week, it has to be allowed to rise & fall...to fluctuate  (likely that could occur until that NOV 30 vote).  Please notice this GOLD NOISE ZONE in the chart above .  Gold in this area need no update, its acting normally.  A break out or break down might need to be addressed. Read More

Am I Comfortable In Shorts Here?

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Nov 23  Weekend report (Sunday 5 p.m.)  Someone asked me to let them know when I'm comfortable shorting the Gold/Silver market in the next few days, especially since The $USD Popped Friday.   I'm glad you asked! While there always may be some 'short term' success in a short position from day to day... I still  believe that it will end badly for stubborn shorts in the next few weeks.  If you have been reading my reports for the past 2 weeks then  you know what my thinking has been.  Not only does it remain the same, but I believe we could get an accelerated move upside after a few minor dips in the coming weeks and I would NOT want to be caught in shorts out in those waters.  Let me show you why... Recall that In this  Friday  Nov 7th report here -   http://www.chartfreak.com/2014/11/07/scary-yet-beautiful/    ( And the following  wkend report)  I called the GOLD lows Pre-Market. ( Audio link here : Nov 23 wkend report -  Click the link, click "Download"  then click "OPEN" & return here to follow along ) SO 2 weeks later, with those LOWS still in place, I want you to note this $GOLD / $USD CHART last May 2014 :   GOLDS MAY LOWS Once the GOLD lows were in, In MAY the dollar popped and GOLD resisted. DID you notice that on Friday this week the $USD popped, and $GOLD went up too? Notice also on the above chart  what Going short on a reversal after the lows lead to pain.  Also ...   Read More

The Friday Illusion Again?

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Nov 21, 2014   Freaky Friday  6:00A.M. Will they sell Metals off?  Will they buy it back?  Will Metals break out higher going into the weekend, when less people are likley to BUY & HOLD ? Its hard to know exactly what we will see, but lately Fridays have been exciting in the Metals markets,  so  I got up at 5 a.m. today to see if the Friday shenanigans that occurred in Gold the past 2 Fridays would return.  So far, it seems likely.   Well, if you've read my prior reports, then you know what I am looking for at the end of Friday on the weekly charts, so I will just touch on a few things here and then take a look at a couple of other interesting chart developments elsehwere.  First- this is the "SNAPSHOT" I woke up to...   whats your first thought? 5 30 a.m. It looks like another dollar rally coming , and a Gold slam down, but notice this ....   Read More

I TOLD YOU FED MINUTES ARE FUN!

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Nov 20,2014  (also known as The Day After )  Well, Never a dull moment of a Fed Day, huh? Some have written and asked if "Lock out" is out of the way now. I would say no. It may be even more of a Lock Out I cannot imagine that this "SHAKEOUT" was bought by many either. We had a shake out below that critical $1179 area and it again recovered. Did any buy? I know 2 of my readers wrote that he / she bought (knowing in advance that a shake out could happen).  THAT was brave! I imagine that MORE people grabbed DUST, went short , or bailed out. Some wrote and told me that they were advised to add to DUST by other letter writers.   Let me show you how I walk through this roller-coaster ride.  Overnight...how did GOLD react? Charts below.   AUDIO LINK   click here, click download/ click "OPEN"  - return to follow charts GOLD  FOR PERSPECTIVE-  The whole story so far GOLD NOV 20 Amazing how "Orderly" that chart looks in Hindsight, isnt it? so...   Read More

YAY! Its a FED MINUTES DAY!

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Nov 19,  Wednesday    Well, Fed minutes, thats always fun!  Why?  Whatever you see happen this morning may be undone by the close.  Or subtle moves may become explosive moves, and I mean in either direction, right?  So Today I'm just doing a this report  to point out a couple of things of interest. Likely you noticed that We have been discussing Metals and Miners a lot lately. That is  because I have wanted to walk you through a day by day bottoming process and show you what I look for. It isnt reassuring to just hear someone say "GO LONG" and you blindly jump in only to get knocked back out. This way we have now already discussed important areas to watch and with the fed minutes we are prepared for any volatility that may follow. I also want to point out a couple of other interesting areas , so lets hit a couple of charts. I will start with reminders to prepare us for Fed Minutes. To hear AUDIO    click here / Then click 'download', then click OPEN . when U hear audio - return to follow the charts here GOLD NOV 7 - Pre mkt I saw a shake out in real time, so  I pointed out an important part of the "Shake Out"  was to recover June 2013 lows of $1179 again on a weekly basis, using this chart in the weekend report. GOLD WKLY   After days of volatility  , we see that... Read More

PART 2 Fuel To The Fire

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Mid day Nov 18 As we watch the day unfold, I am still seeing some Bears add to their shorts here in public blogs.  It's tough to watch if you think that we have more upside, and I'm not happy about it, just pointing out what that might mean .  They want to add here trying to  make their money back if prices drop. Some are still saying that   "KIng Dollar will crush the Metals" and  "It was a Break Down of Triple Support, now support is broken , so its going to crash."    As I have outlined here...It had the makings of  a "Shake out" &  Now looks to be a "LOCK OUT".     When these shorts finally throw in the towel, prices should even climb higher leaving them with bigger losses and then for them, prices are too high to jump into ,  without feeling like they are chasing.  I want to share with you another development...MINERS. As explained in an earlier report- A  "SHAKE OUT" is when price breaks below support and causes "Shorts" to take or add to existing positions. Prior support SHOULD become resistance, but IF support is recovered - it is viewed as a "shake out". I pointed that out in GOLD.  Today we see MINERS acting in the same manner. Notice...   GDXJ - I was watching for a recovery here too and drew this chart at noon. Since then,  It has now recovered its support level. Price as I write is Currently $29.22 . A close Above $28.82  is Bullish.   GDXJ Recovery   What about GDX? ... Read More