We’ve been discussing Oil and Energy among other things recently, and I wanted to mention what I am noticing in this sector lately. WTIC – Over a month ago, I had a target of $51.60. I felt that Oil may struggle at the $50 area and pull back before moving higher. A drop into a […]
Everything that we have been discussing is still lining up. Lets review… . SPX – I have been expecting a bullish rise since the lows in February, and a higher high after the DCL. Quite interesting that even after a very weak jobs report Friday, the chart remains bullishly lined up.
This is part 2 of our weekend report, and it will focus on the Precious Metals Market. In Last weekends report, I pointed out this very important chart. What was I trying to draw attention to? GOLD– Using Cycles, the Intermediate Cycle Low (ICL) , a very meaningful bottom, has been arriving every 4-5 […]
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 […]
