PUBLIC POST – A GOLD REPORT

I am currently doing several studies with very bullish implications for the GOLD & SILVER market.  Some areas that I have been tracking for months have been published here in the public area too.  Right now I see things that indicate that we could be very close or, or even experiencing the bear Market Lows,  and I will be writing about it in my weekend report.   Yes, I know that everyone is waiting for sub $1000 gold to buy, but everyone doesn’t always get what they want in the markets, do they?  Could it be that they will be left behind, waiting?     No Bias, No Gold Bug Fever, No Emotions, my report will cover just some facts.    Let me explain…

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Notice this interesting occurrence for a change

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The HUI has had bear mkt rally after bear market rally since 2012, but each ‘cycle’ could not surpass the last one from low to high.   Lower highs and lower lows is a down trend.   THIS CHART is a first, and it is just 1  sign of change to cheer about.  We’ll zoom in…

HUI CLOSE UP

Please read on…

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So that is a nice start to what could develop into an uptrend for a change, but is there more?

  Yes, I have mentioned in prior reports that the type of “SHAKE OUT, STOP RUN” that just occurred was very Bullish. It ran the stops for the past 6 months.   Then we approached a downtrend line that might be taken out bullishly, so I posted this chart.

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GDX WEEKLY – JAN 29 was oversold & the middle indicator said “break out”  (  GDX is now at $16.32 as I write)

Many thought that  the “Strong Dollar” was destined for 120.  There were definite signs of weakness and change coming, so I had been calling for the Dollar to double top and drop. This was an early  December chart and the drop  would help Precious Metals and commodities.

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Possible double top completing Jan 29

Is todays dollar strength real as we hit 97.20?  I called for this possibility Feb 3, a bounce to 98 (or even more) is possible.

So I’ve  been posting trade ideas in Miners , but also in the  commodities & Energy  lately too.  I dont post trade set ups everyday, forcing trades just for the sake of trading can be costly.  I cover the various markets and look for low rsk set ups. There have been quite  a few set ups recently,  where stops can be placed right below the entry.  Here are just a couple of recent examples.

AA –From this week, This Feb 3 break out should target former highs. Buy the break with a stop under Feb 3 lows.

AA – Follow through.

I liked this flat base in VALE with a volume pop above the 8 ema.

If this gap slowly fills, it may be another buying opportunity.

With current conditions, there were many more for traders to trade.

Finally –

Just a quick Miner discussion.  If we are entering a long term BULL in Miners, there are a TON of great set ups for the future. 

Beaten down RGLD just released earnings and POPPED.  This will run swiftly when the Bull returns in my humble opinion.

  I LOVE this set up on LSG, because it has not broken out yet. It bottomed in 2013. If LSG hasn’t been  hurt by recent bear conditions,   what will it do when the Bull markets returns and conditions improve ( selling their Gold for $1400, $1600, etc)?

GPL WKLY

  My weekend report will likely be released by later in the weekend or  Monday morning in the premium section.  It will include facts that will build your confidence that finally we could be seeing the Bear Market Lows forming.  If you would like to try us for 1 month, it is only $37.95 and you’ll gain access to todays report, all of my past reports,  and the upcoming reports, including that weekend report on precious metals.   : )

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CLICK HERE AND SCROLL DOWN FOR SIGN UP INFO

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 Have a good weekend and for those that  enjoy watching sports from the  U.S.

  Enjoy Sunday night! 

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Thanks for being here at Chartfreak!

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~ALEX