PUBLIC REPORT- Time For GOLD?

If you are new here, please feel free to read my last 3 public reports under this blog tab.   They are Gold & Precious Metals reports, and I alerted my premium readers to those lows as they happened.   That was for short term trading, and I was expecting possibly a 2 month rally.    I have also been analyzing many details at these lows to see whetherit is possible that THE BEAR MARKET LOWS in Gold could be in place at this time.     I am not a constant Gold Bull, but I did do very well from 2000 to 2012 in that sector and have been looking forward to another possible leg higher after this 4+ yr bear market correction.

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To review –  We just saw a classic shake out in Miners that had many going short expecting a crash.  This was running the stops on 6 Months of trading at the lows.

GDX WKLY 1-22

Next …

 

Miners really started to rally as shorts covered their positions and buyers caught on. The move out of 6 month bases leaves many behind, waiting for a pull back to enter.  If this just paused to form a ‘handle’ on a giant cup & handle type pattern, many would be left behind.

NEM 2-8

Some of the African Miners have been amazing in their run out of these lows. See HMY, DRD, SBGL, etc 

HMY 2-8

 

So is this just a matter of rabid short covering and buyers chasing, or could this be the start of a new Bull Market in precious metals with great opportunity still ahead?

Using over 40 charts in my 2 part weekend report, I leave out the “Bias” of a Bull or a Bear, and just point out some facts in the studies that I have been doing.  They actually are important to both Bulls and Bears, because we dont want to stay  too long if the Bear is still alive and well, but we also would have been damaged shorting this run as a bear shorting a bounce.  What is next and where are we in this sector?

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Here in 1 of my weekend charts , I pointed out the relationship recently between the SPX lows and highs, being inverse to Golds lows and highs. If the SPX is breaking down, Gold may be receiving some of that money flow. 

GOLD SPX 2-6

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Notice that after the DOT COM BUBBLE and Bull markets of the 1990’s in the SPX shown here,  The Markets corrected and Gold bottomed.

GOLD SPX 2-2016

 

 GOLD is taking off again today. Is this move real?   A 1 month subscription is only $37.95, and it includes my 2 part weekend report discussing the above in detail, along with all of the past reports,  and 1 month of future reports.  I have researched many areas of the markets to determine whether or not this really could be The Final Bear Market Bottom, or do we need to drop below $1000, as so many believe. Why not take a look for yourself if you think this information would add value to your trading / investing?

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CLICK here and scroll down for details

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Thanks for being here at chartfreak.com!

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~Alex