Entries by Alex - Chart Freak

GOLD PART 2 – IN Search Of A Bottom

February 8, 2016 /112 Comments/in /by

This is part 2 of the special weekend report discussing how we Search for a possible bottom in Gold. This half of the report will include many more charts with just the facts of what is happening in many areas.   Again, these facts keep both Bull and Bears unbiased.  They also indicate that GOLD may already be hammering in a bottom.  Miners especially have the hallmarks of a longer term low in place.

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This chart adds to out last discussion in part 1 and my Big Picture view that I have been pointing out for months now. I pointed this out in this DEC 11 chart .  It shows that with the SPX bull market , and the bear market in Gold, we have repeatedly seen Gold ICL'S ( deep trade-able  lows) and also Golds Bear Market Rally Peaks  moving inverse to  The SPX .  I drew this to make that clear.

T= a TOP  &  ICL = A LOW

 

SPX RATIO VS GOLD

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I also said that I would be looking for a break down in this area ( A change). Here is my updated chart

GOLD SPX 2-6

So...

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GOLD PART 1 – In Search Of A Bottom

February 6, 2016 /12 Comments/in /by

  I believe that Gold is in a 3 phase bull market, with 2 phases already behind us.  After a 4+ yr bear market, there are finally solid signs of a bottom , in many different areas.   There is no gain in clinging to a bias, that is how one loses money in the markets,  but by gathering important relevant facts  you can develop a check list and watch as necessary things begin falling into place ( or not).   JUST THE FACTS.   Currently I see things falling into place, indicating  that  THE bottom is either already in place, or very close. This bear market may be coming to an end,  and catching the recent lows has already been very profitable.  Riding a renewed Bull will be very rewarding.  We will look at " Just the facts"  here in our extended weekend report. To the charts...

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First a review of recent bullish expectation in Miners: 

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REVIEW- In the last 2 weekend reports we watched the HUI & GDX in the bigger time frame. This is a monthly chart of HUI, on the edge of an important break out. It has spent 6 MONTHS at the lows,  a solid base on prior support. Today the HUI is near $150.  A break out.

HUI MONTHLY 3

  GDX  reversed from below  $12.50 and also looked ready to break out above from a 7 month base. Above $15-$16 is important.  It is now at $17 as of Feb 5. 🙂

GDX MONTHLY

We need to look at a lot more than just the Miners and Precious Metals, however. Currencies come into play, along with a variety of other influences, so we'll examine the Metals now, historically , and other factors that can indicate where we are in the process of a 3 phase bull market...

 

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PUBLIC POST – A GOLD REPORT

February 5, 2016 /11 Comments/in /by

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 CHEER

HUI CLOSE UP

WHOA HUI

Please read on...

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Something To Cheer About

February 5, 2016 /70 Comments/in /by

Yes , It's a Supberbowl weekend in the U.S., but there is something more to cheer about. I am currently doing several studies with very bullish implications for the GOLD & SILVER market. My readers know several of the things that I've been tracking for months, and there are other areas that I look into also. Right now I see things that indicate ... Well, I'll leave that for the weekend report. Right now look at these 2 charts. 

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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.  THIS CHART is a first, and it is just 1  sign of change to cheer about.

HUI CHEER

HUI CLOSE UP

WHOA HUI

My weekend report will likely be released by late Sunday night or Monday morning, and it will be filled with facts that will build your confidence that finally we could be seeing the Bear Market Lows, expectations, price projections, etc.  : )

Lets look at some of our trade ideas for now....

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Is That Toast You Have There?

February 4, 2016 /72 Comments/in /by

2 Charts of the $USD - Can you believe that I drew this drop in the dollar a week ago? It was based on the first drop that took place in early December.  Lets look at the dollar as of yesterday.

USD 1-26

$USD Wednesday - This may be a piece of toast and what might that do for Gold?

USD 2-3

Let me give you a quick idea ...

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Never A Straight Path

February 3, 2016 /56 Comments/in /by

The twists and turns of the markets continue.  There is so much going on , that this is like a weekend report, with 22 charts.  Lets take a closer look.

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SPY -  After hitting some overhead resistance , yesterdays sell off remains within acceptable parameters, however...

SPY 2-2

The BANKING INDEX still looks ugly.

BKX 2-2

This is GS for example. 

GS 2-2

Will markets keep rising with an ugly banking sector?  Lets dig deeper...

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Public Report – Precious Metals Activity

February 1, 2016 in /by

When I drew this chart in December, I was pointing out that I expected the Markets to be topping and Precious metals to possibly be bottoming.  Notice how the 2000 top in the SPX coincided with Miners bottoming.  Also notice how much that 2000 top looked like the markets in December.

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SPX & MINERS

Well, we certainly did see the markets drop though out  almost all of January.

We had a 6 week believable rally out of the summer crash that got the Bulls long again.  I expect that we may something similar now.  But can we say that Miners bottomed,  at least temporarily?

SPX WKLY 1-29

Lets look at Precious Metals

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Part 2 – They Bought Something, Did You?

February 1, 2016 /35 Comments/in /by

Over the past few weeks , there have been a lot of buying opportunities. Long precious Metals,  ETFs that allow you to Short the markets, etc.  I have about about 50 more charts  (in addition to Part 1 of this weekend report) to further  discuss the buying opportunities currently forming.  To the charts ...

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When The NASDAQ back tested that break...

QQQ 1-27

You could have bought TQQQ low risk at $80 with a stop right below the lows. Since  I think there is more upside, it is still a buy if you ask me. Especially if we get a dip in the markets. See also ETFs like UPRO, SOX, AND TNA

TQQQ

There is much more...

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