You are here: Home1 / Exclusive Strategies
After we review the general markets, Oil, the CRB, etc, this weekend report will focus mainly on Gold, Silver, and Miners. To the charts...
.
SPX - This is a Fed Week, so I am watching the markets very closely at this critical area. This is rather early in the daily cycle, and if this is "the Peak', it will likely be left translated. We saw a slight break to new highs and then it gave them up. On day 15, I'll we watching this closely going into the Fed mtg.
We have 1 trading day left in the week and then we can relax. The weekend report will further our discussion on Energy and Precious metals, so today I am going to just show you 3 charts that will be in the weekend report.
.
You may have heard that you should not buy miners until after a 'blood bath phase'. As mentioned in my May 18 report, I have received emails telling me that warnings are out that the next ICL ( meaningful cycle lows that occur roughly every 5-6 months) will NOT come until we first see a huge sell off. Many think that will happen around Brexit ( June 23rd).
.
I used this chart to show what happened coming out of the 2008 lows, when we looked for our 2nd ICL. I do NOT see a deep bloodbath phase 6 months after Oct 2008 lows. I see higher lows for 1 year, so that is noteworthy.
Actually, for 2 weeks I have been saying that we could be at the next important low in the precious metals sector. Last weekends report discussed this idea further and this weekend will include more research in that area .
Read More
Scroll to top
