You are here: Home1 / Premium
Nov 14 - Morning Report
I had a report written by 9:15 A.M. today showing positive signs in the Gold overnight, which were leading me to believe that the "WEEKLY" charts would end with GOLD putting in another weekly reversal candle. The action yesterday in Miners was mentioned in yesterdays report and I said that GDX had broken below its recent uptrend line and would need to recover to be a shake out and not a break down. It has. GDX & GDXJ are both WELL ABOVE their 10sma & Volumes today is strong. So based on all the reports from me for the past week or so- what do you think we are seeing?
Yesterday there was weakness in the Miners & I posted an update report saying that DEC 2013 lows had a momentary flush of the lows and 'possibly' we could see the same, but I still was not expecting a PLUNGE lower to $1000 or $800 (YET) . I have been saying that I expected that we are at lows and would have a nice rally for at least the next few weeks. I will now share a couple of the charts that I had for this mornings report, but Gold & Silver have exploded higher and I will tell you what I think we are seeing here and how you can benefit.
At 9:00 A.M. I was going to point out that GOLD held prior support & Reversed ( That was Bullish) (Click to enlarge)
As I was finishing my report at 9:15, it started to break higher (breaking out?)
Then...
Read More 2:45 P.M. Nov 13. (I apologize for the late "Alert" , the auto Email alert system apparently was down when I posted this)
Many have asked that I occasionally show what I watch during the day and post here. I don't want to watch and report on every little wiggle, but there are interesting things to look at . Especially since this mornings report I showed a possible stab at a lower low still fitting the cycle counts & Elliot wave ,etc ...so let me show you quickly what I am watching. it is more bearish for Gold Miners, but...so far GDX and GDXJ do remain above the 10sma on a daily chart (not shown) . So these are the intra-day wiggles that I look at. More charts / less words here so I can post quickly .
GOLD looks fine (so far) ...many shake outs , but regains support areas. (Click to enlarge)
If "MINERS LEAD"..are they holding up ok? They remain above the 10sma so far, BUT...
Read More Mid day update / Miners selling off writing at 12:05 p.m.
When I start seeing a sell off in Miners after I feel that I've done all my homework , I dont panic - I just need to look and see what might be happening. What (if anything) should limit the sell off? Is it normal? is it ugly or extreme? So lets review a couple of quick charts that I threw together and see where we might be . First off, GOLD is not selling off , but are Miners leading? What do I look for with GOLD?
GOLD (Click to enlarge)
So Gold is holding up, what about Miners? Are they shaking some out, or are they about to collapse?...
Read More Nov 12 10:00 A.M. Eastern
I am pretty focused on the Metals & Miners recently, but If you missed the run up in COAL and wanted to get in, it may be setting up for another leg up after a recent pause. These 3 charts show that the recent pullback is nearing support and could offer a low risk entry, because your stop is safely below support areas.
And also ....
Read More Nov 10, 2014
Mondays action was what ... Scary? Yes, scary if you had a long position. If you didnt have a position, maybe it was time to take one! Was this another chance to buy in the Area near the lows ? ...or...Was today a chance to go short for the coming plunge? I ask that because I know many (not here necessarily) viewed today as "Weakness". 'The Bulls have no strength , no follow through, No buyers and the Bears are still alive and well.' And while I have to admit that that COULD be the case, I doubt it. Bottoming is often called a "Bottoming Process" because the battle of the bulls & bears doesnt allow a sell off or a rally - At First. If you examine previous "bottoms", you'll see that many act just like this before they take off upside. If it's a Real Bottom, that battle often drops off the New buyers, and leaves them behind.
AUDIO LINK CLICK HERE AUDIO LINK
Look at prior lows for Example: The reversal candle made the lows, then the next week sold at least 1/2 way down that candle
So what we see happening also happened at June 2013 , Dec 2013 lows, May 2014 lows ...Now
Read More Nov 7 Weekend Report (part 2)-
Bear on a Tear! Bears can be powerful when on the attack, and Bear Market sell-offs are no different! Sometimes, however, they just get tired. In Part 1, I was pointing out a few other hated sectors that have been selling off viciously and showing how they are setting up at their lows in various ways. We caught Energy (XLE) the day of the lows mid October, and they bounced and double bottomed and so on. COAL / Uranium stocks similar...so what about Gold, Silver, & Miners? LAST WEEK I saw some interesting things and want to share them with you now. To The Charts!
Audio & what I wrote are almost the same, audio is 20 minutes, if you dont have time, reading it is almost the same. AUDIO = click here wkend report part 2
GOLD WEEKLY
Gold rejected the lower price/break down last week and closed at the highs, just shy of breaking back into that trading area. We want to see that this week. Will we? Look at the Middle indicator (Histogram) & the RSI. At new Price lows , they usually drops too. We hit new price lows, break down lows, and the Hist held up. I like that divergence.
At the end of Part 1 I said ...As I write GOLD is dropping straight down $6 and it will again be difficult to post a BULLISH report, but I would actually like to see GOLD crash down to $1154!! I would! (He said as GOLD continues to drop) 
We are now down $12 to $1166. I am O.K. with that.
Read More 
Nov 7, 2014 7 A.M. The clouds that you see in the above Pictures are real. If you were standing there watching them drop down, it could be very eerie, scary , and yet at the same time....Beautiful! The Mammatus clouds are very rare, and that's why when you see one dropping down before your eyes in a way that is not normal...it is mesmerizing . It can freeze you in your tracks.
What does that have to do with GOLD?....
http:click here
Read MoreNovember 5 2014 9:40 a.m.
I was NOT going to write today, but when I saw GOLD near $1140 , I knew that it was a Possible final price low target of mine. I did not KNOW or even THINK that it would have to get there, but when I look at charts I always try to get all the possibilities of "Where might this be going?" $1140 was one weekly target. Today GOLD hit $1138 and reversed...IS THIS THE LOWS? OBVIOUSLY - NO ONE IS SCREAMING "BUY" right now (so it could be ). When everyone is afraid, the odds are higher. Take a look with me, and definitely sit on your hands for now....but this is one more thing to look for.
What you are about to see is for paying subscribers only...But since this site is free-WOOOHOOO! Enjoy and start tracking it.
GOLD this morning
The BLOGS are lighting up "GET SHORT FOR THE FINAL PLUNGE TO $1000!!"
Read More 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
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
Scroll to top
As I was finishing my report at 9:15, it started to break higher (breaking out?)
Then...
Read More
. I did and want to share that too. To start....Are the Bears in some sectors taking a nap or losing control? To the charts! My reports earlier this week highlighted Opportunities showing double bottoms and other bullish set ups . This chart was posted for uranium for Example: 
