Look – Dont Touch!

/33 Comments/in , /by
OCT 23, 2014                            As I begin writing  GOLD/MINERS are at lows of the day.  Miners are breaking to new lows, a break down?   It looks like it on the surface.     Here is what I am seeing  ( but you may not want to touch this yet).   I know this sounds  C-R-A-Z-Y , but I am seeing something odd with the GOLD RUN UP & MINERS SELL OFF. Does THAT correlation usually last? No.  As I have mentioned -  $GOLD looks to have made a real ICL, meaningful low, just like last May.  GDX is testing High Volume FED MINUTE lows. I would watch for a "POSSIBLE" reversal today, thinking the MINERS are making a 5th wave down,  POSSIBLE false break down.  We are actually testing a HUGE candle on 1/3 rd the  volume. Those "Light Volume Tests" reverse FAR MORE OFTEN than not. I expect a reversal or bounce if volume remains this light, but its RISKY.  You may just want to LOOK ,   DONT TOUCH.   GDX OCT 23   I also want to zoom in and show you a 5 day 5 minute chart ...   Read More

Dont You Just Hate Gaps?

/4 Comments/in , /by
October 17, 2014    I hate gaps, and the markets are set to break away with a pretty large GAP this morning.  When markets GAP  Higher at the open, they can do a number of things from there, and THATS why I hate gaps. I had a large number of buying opportunities in my sights for you.  If you look at the "Comments" section from yesterdays report, BANIMAL asked me about what I was seeing, and I told him that I was seeing reversals across the board, and was planning on sharing my thoughts. GAPS tend to change that, so from here...Lets review some Charts On OCT 15 - I thought we made capitulation Lows and TWEETED the following charts (Do you follow me on Twitter?)   Click here , then   look for "Download & click it.  Click  "OPEN" and when you hear me...hit the back button (Get back to the this website & follow charts below)   SPX REVERSAL   SPX REVERSAL    Also notice  the following 3 charts , adding weight to the idea that we were at capitulation lows...   Read More

We’ve Been ‘Conditioned’

/39 Comments/in , /by
OCT 15, 2014   I wanted to try something this morning , and that was to record the session and see if you could all follow along that way.  I had my reservations, because I have a Boston accent, but hopefully you'll be able to understand me despite that.  I have taken extra time to also write out the notes, for those unable to hear this recording.  When I listened back to it, there was a bit of a click sound at times, I apologize, but for the sake of time, I cannot re-record it this morning. I DO NOT know what it was, I was sitting still, but it sounded like I was tappping or scratching at the microphone  (I wasnt )  This morning when I started recording  (7:30 A.M. Eastern) GOLD was down almost $10 and $Silver was down over 30 cents ...they have since recovered after 8:30.  Whether that holds or maybe we sell off later, this report is likely still valid, so I am posting it even though they recovered.  Below is the original report . (  For the recording link below  ...It is best to 1. right click over the link and open in a new tab.  2.  In that nw tab, you'll see "Download", click that  3. your options to 'save' or 'open'...just click open and it will play automatically go back to this website and follow along.   IF You arent good with computers, you can just read what I have written. Right Click here for the    AUDIO CLIP    GOLD    - Gold was down $10 in Pre-Mkt and I visited message boards . I kept hearing all over Yahoo, Kitco, etc  " Here we go, another slam down", but We are not even at the 10 or 20 sma, and we could be testing out magenta trend-line. So selling today would not be bad...look back at MAY and DEC. During those runs, we often dropped to the 10 & 20sma on the way up.     GOLD OCT 14     Read More