Nov 14 – Something Precious On The Horizon

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Yeah, that little guy on the left is rather precious to it's dad there, but I'm talking about Precious Metals here.  Let's discuss what I mentioned in the weekend report about the coming sell off that I expect in Gold, Silver, and Miners, and discuss what we might see ...

 

I started with these 2 charts,  one of GOLD

And the other of GDX

 

But I also included this chart and it raised questions in the minds of some of our readers, so let me discuss this a bit further...

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QUICK REPORT ON THE FAST TRADES FOR OUR TRADERS

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MYMMF-  Bought at 42 cents

 

MYMMF -  Hit $1.26 today.

 

Do we have another set up similar to this and the other ones?   Yes, I believe we do...

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11-11-17 WEEKEND WRAP UP

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This weekend we'll discuss how the markets behaved last week, and at the end of the report, I want to also touch on daily cycle strength. Visuals may  help things to stick in our minds thumbs up emoticon

 

SPX - When looking at past  ICLs ( deeper meaningful lows), we can see that the dips have not been as deep as they used to be. This is showing the markets strength over the past year. I now can draw a middle line as recent support. Please excuse the type on the chart 🙂  We do look due for a dip down sooner than later though, don't we?

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