Precious metals and especially individual miners keep climbing higher. Wave after wave, the dust buyers and shorts are getting hammered. This wasn’t entirely unexpected, that is why I mentioned taking some profits and letting partial positions ride. This runaway , melting upward type of move can be rewarding, but cycle wise, it is will pause […]
I’m going to share a portion of the premium report from Tuesday. We had been invested in Miners from the shake out lows, but most of what was bought has had a spectacular run higher. Now that there could be a consolidation phase in precious metals, does anything else look interesting? Have you seen VALE, […]
Even in the toughest of environments, we see seedlings take root and blossoms shoot up. We also see the same thing happen in the toughest environment in the markets. At the time it may seem quite contrary, but this is also how bear markets can turn into Bulls. Are we seeing that now? lets […]
Yes, Gold and Miners got a little stretched in their recent run higher. We now see a bounce in the markets (Expected) and a pull back in the precious metals area. Lets take a look at the charts…
In a recent weekend report I discussed what I thought about the USD going forward, also using the recent action in the XJY as a historical guide. It could affect Gold in a big way. This is important, since The Big Picture of the USD has paused and may be preparing to choose a direction […]
Bull? Bear? Bias? We caught The Lows in Miners a few weeks ago, and the rally has surely gone beyond my expectations. I now see many are calling THE END to the 4+ year bear market and calling the start to another phase of the Bull market in Gold. So was the action of the […]
What is a ‘Melt Up’? Most of us are familiar with a ‘melt down’ in the market, so basically it is the opposite. Either a stock or an entire sector can just sell off or get bought up into extreme levels, and then it still keeps going, not allowing the cautious investor an entry. It […]
Each trade that you take has some risk to it. Some trades are low risk set ups with higher probability of success and others are just plain risky, depending on the set up. We will discuss that a bit later in the report. . SPX– The Fed didn’t change this chart very much. I still […]
Today is sort of a Fed Wednesday. It doesn’t mean that there will be some big surprises, and in fact I do not expect anything like that, but I didn’t want us to go into this blind folded. Certain areas of the market are due for reversals in my opinion, and a Fed testimony before […]
What a rocket ship ride Miners have been on. Buying the lows has brought about some huge gains for some, and I had encouraged not selling too early with this type of set up. Now it is time to start thinking about locking in gains, and not chasing these moves. A pull back will come […]
