Early Beginnings

November 4,2014               I posted this weekend that in the extremes that we were seeing in the Metals / Miners sell off, I am actually looking for the "CROWD" to be wrong. I expect that we could see a reversal and just advised that one ought to be on the look out for a possible "Shake out".    To identify one...I start to look for any "Signs Of Life".  I don't get TOOOOOOO  excited over the early beginnings, but I stay alert to the idea that if a big change could happen, maybe some signs of life  could start popping up?   To the charts... http://www.screencast.com/t/btqvHGs9  <----------Click link to listen / click 'download' / click "open" - return here and follow along 1.  GOLD was down today,   one "Sign of life"  was  AU   AU   Ok...Lets all Pile into NUGT now & enjoy the ride!!!   Oh wait-  lets not. One sprout  doesnt mean we have a flower garden. Lets look for more signs of life...   Read More

ARE WE ABOUT TO BECOME BEAR SNACKS

NOV 3 2014     GOLD & MINERS are at the mercy of the Bears.  Since Breaking to new lows, many articles are now pointing out that all support is broken and its a LONG WAY DOWN.  I am now reading that  we are so close to 1000, that a good FLUSH  could cause it to give way to $800.    In my last report I mentioned that I heard something similar in the XLE as it broke to new recent lows and broke support too.  Many wrote that  it could crash down   ( Those alerts / articles  were loudest right before a strong reversal).    AUDIO-  (click the link, click  download , click open and return hereto follow along)   Metals link click here I drew this chart on OCT 10  (Click to enlarge) . Honestly-  I was getting extreme sell off readings and  I DID NOT EXPECT IT TO BREAK SUPPORT,  but it has.  I thought instead that we might get a trade able bounce and then possibly TEST support?       Please use the audio, it saves me time.   HUI 1 WAY So now that Support has been broken, is it a bottomless pit? Lets look closer.     Read More

Where Do I Start?

November 3, 2014    Its hard to know where to start.  As I begin writing (Sunday night ) Gold is testing new lows, The $USD is at new highs,  But I am thinking GOLD may reverse Like ENERGY did!  I really want to keep this simple, but there's nothing simple about the "THINGS" I am seeing, its getting exciting though!  I have so much to say that I have to do the Audio version.    About 98% of the feedback has been that Audio & later Video is the way to go.   Excellent results & feedback, thank you.  I did get a couple of emails saying that for some who do not use computers  much,  they still do not know how to use the audio, and can I still write everything out.   I apologize , but That will not work for this report.  I will try to write 'enough' , but It is going to be too lengthy and it takes me between 3-4 hrs to draw all the charts, upload all the charts, write about the charts, etc. I've already gathered hours of charts to try to explain what I am looking at.    PLEASE- do yourself a favor and follow the instructions on the link and learn to use the audio. It will be a better tool for you too   A QUICK MARKET UPDATE -      and then METALS & ENERGY)  Make sure your volume is turned up  [RIGHT CLICK THIS LINK BELOW open in a new tab-- CLICK "Download" , then click "OPEN".   come back here and follow the charts]   http://www.screencast.com/t/2UN2nptYnq $TRAN   FROM OCT 21  (back in the uptrend) $TRAN 2   As election Tuesday approaches,  I pointed out this ....   Read More

ENERGY LOWS

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QUICK VIEW

OCT 30   Quick update  ( I apologize- it has been brought to my attention that the 1st audio post did not come out- I HAVE NOW RE recorded it  Sorry for the inconvenience)   Please RIGHT CLICK the link below -select open in a new tab & another tab will open , look for & click  "DOWNLOAD" Then just click "OPEN" - when you hear my voice, return and follow the charts  New Link   right click here   SPX oct 30   GDX ...   Read More

Something Doesnt Fit

OCT 29   FED DAY    Yes, I'll admit it!  1. I saw many charts that are set up rather nicely the DAY of the FED mtg 2. It DOSNT FIT what I usually see on  what is known as  a messy, indecisive & volatile FED DAY 3. But That was a stretch using that title just so I could use this picture of the Trooper Dog.  I just think this pic is great   Starting with the Markets-  SPX    click here - click 'download' then click 'open'  (when you hear audio, return here and follow charts)   SPX RALLY   Read More

Looking Below The Surface

Oct 24,2014        At times, things arent always as they appear on the surface.  You may have to dig a little deeper to find out whats really there. Thats what I am attempting to do in the Precious metals mkts. Yesterday about an hour into trading I was watching Miners break down to new lows. Again the message boards lit up with "New Lows, that means we are going a lot lower" and "Going short here, much lower prices ahead".  For me, something hasn't "Felt" right about that, so I knew that I had to dig deeper and see if I could reconcile the problem that I was having. The problem goes back to a prior report  where I pointed out that I was getting signals for a "Meaningful Low" in Gold (An ICL).  In fact,  since that report, GOLD has been acting correctly, running up to the 50sma and stalled just like MAY LOWS, but the MINERS have NOT been keeping up. NOTICE that GOLD Lows here have been like the TWIN of MAYs Meaningful  LOWS (ICL). So to me...LOWS IN GOLD WERE IN.   AUDIO click here / then click  'download' / click 'open' & then come back to this page when you hear the report to follow the charts   $GOLD   The problem with everyone going short yesterday was what I had noted in other reports too...   Read More

A Closer Look

OCT 22, 2014  Lets just take a closer look at a few Market details from here... (Apologies, Audio will be back soon)   $GOLD looks so much like those meaningful MAY lows to me. Runs up, tags the 50sma , slam down Then recover. SO I would expect the slam down today.   GOLD OCT 21   Interestingly, GDX looks much more like the meaningful lows in DEC   Read More

Low Risk & Higher Risk

October 20, 2014  There comes a point in every trade where (Hopefully) you get a low risk entry, and then as time moves forward, it becomes a little higher risk to enter, or even higher risk to just hold your current position. We may not be there yet  (As I start writing, futures are up nicely) , but what I am seeing leads me to believe that the Markets MIGHT just be in a bounce and MIGHT make lower lows at some point. I looked at TONS of charts this weekend, and the reversal that most of us bought was indeed a trade-able reversal, but what Now? Lets look at MANY CHARTS and try to get an idea of what is happening.  I will say that at this point ,  anything can happen...its not super clear, and that alone means we are at a slightly higher risk area. I can make the case that Markets could be on the way to making new highs, I can make the case that markets likely will make new lows. Actually Much of it depends on ...    (I apologize, no audio today - sore throat and cracky voice)  : (   The $USD...  Oct 14 - Very strong, but overdone--I was looking for a drop to the 84 area $USD OCT 14   And we have dropped as expected, but theres room for more downside I.M.O.   Read More

GDX & GDXJ

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