I believe there were a lot of shocked faces Friday after the release of the Jobs Report. The Dollar absolutely tanked and Gold surged higher. In fact, GDX was up over 11% by the close. Was it completely unexpected here at Chartfreak? The dramatic fashion that things occurred was a little surprising, but I have […]
Friday, the final trading day of the week.
Do you think the Gold Bull Market has returned? Obviously I do, and have been trading as if the Gold Bull Market has returned. You need to be aware of this opportunity and appreciate that another big move in this Gold Bull Market is again developing. If this next move is anything like the moves seen during past Gold Bull Market’s, then you will not want to miss the next buying entry after this current correction winds down. I was able to guide Chart Freak members through the recent 100% rally in gold miners when we bought the lows back in the middle of January. Those gains were exceptional, to say the least. In some cases, junior miners rose up by 500% off the lows, and are now consolidating those gains in preparation for the next leg higher.
My recent weekend report (premium version) took a deeper look at Gold’s recent correction and how the current action in the US Dollar may impact the precious metals market. However, it is again time to start paying closer attention to the Precious Metals markets, because after-all this is a Gold Bull Market. Let me take you through some of the premium content I shared recently and review what I believe is occurring.
Many readers here like to trade daily, attempting to scalp some short term gains or trying to grab a small run. Others may be patiently waiting in cash for a longer term run, like we saw in Miners from Mid January through April? Like the Bear in the theme picture patiently waiting for a salmon […]
To start with, I know many followed me on this trade, since it was pointed out a few times as low risk above the 200sma and very oversold. You should not have been stopped out with price holding the 200sma, as part of the trading plan. . CLF – May 23 – Low risk entry […]
Let’s get right into the weekend report, and I will discuss all of the sectors and why I chose trust issues as a theme. . SPX– Last weekend I had been discussing the expected rally and the potential that it has to be strong since price is near the highs, but the signals that I […]
Not much has changed from Thursdays report. Janet Yellen speaks today and she possibly could shake things up with some dovish or hawkish talk, so we’ll see how that goes. And then all then traders in the U.S. will have a 3 day weekend to think about it. . If you are heavily invested […]
Yesterdays report discussed some break outs that were taking place in various sectors. Wednesday, we saw some follow through in those areas too. Just like a baseball player at the plate, when we get a decent pitch tossed our way, we also need to follow through to be able to possibly score. Some may wait […]
Market Turning Points And Trading In a recent premium report, I reviewed interesting Market turning points that are showing up across various sectors. I’d like to share some of that with you now. Please note that most of this information was released in the weekend report of May 21st or within previous reports. […]
Tuesday was a Break Through in a several ways. Let’s take a look. . SPX – From the weekend report. For many reasons, we were waiting for a break out higher ( not lower like many other analysts). SPX Tuesday– We see a Break through. This is Bullish. Today is only day 3 of the […]
