You are here: Home1 / Exclusive Strategies
PART 1
.
Yes, that Theme Picture is a real un-doctored Gold Chart that I captured 'live' one night at midnight as I was writing my report. In this report I wanted to show you some things that You may find quite interesting about that time period...
.
You may not even remember June 3, 2016 or June 23, 2016, when they actually should be very hard to forget. I want to tell you the story, so that you at least you know what possibilities do exist 🙂 I write my reports later at night, and Gold was slowly rising from $1250 one night when I started writing it. Well, it started ramping up and just kept going, rising up almost $90 to $1241.90, as captured by me in the Theme pic live late that night. It did NOT stop there. It actually jumped $109 points that day. Let me tell you a story ...
.
In May 2016, Gold sold off into an ICL. Interestingly, it dropped from $1310 to $1200, and you could say that from May 17th to the end of May it was all red, red, red, day after day. THAT KIND OF SELLING GETS TIRING 🙂 I say that because we just sold off from $1314 to $1204 too, almost the exact same amount (but we took 2 months to do so, VERY TIRING). Back to 2016, we had our ICL in place at the end of May, but it just went sideways for 2 days. On day 3, or 4 days after the lows were in place, Gold went Boom! It took off, rising up almost $40 in 1 day, and kept on going for 2 weeks. After a brief pull back, BOOOOOOOM! That Pop of $110 followed.
.
THIS IS GOLD NOW, and we also just sold off from $1313 to $1204, it has just taken longer. When the contract changed to December, this chart was altered a bit, so I will show the Spot Gold chart too, for accuracy. It shows the NEW low that Gold traded at when it hit $1204.
SPOT PRICE - 2016 took 1 month from 1300-1200, but this has taken 1.5 months
We will cover the General Markets, Oil, The USD, etc. next, but then I will have PART 2 of this discussion at the conclusion of this report. At that time, we'll discuss the current set up in the Precious Metals sector. It is an important conclusion to this very interesting story. Enjoy 🙂
Read MoreThat theme picture seemed funny, because it seems like day after day the deterioration has been relentless in that sector. Actually, many Miners do not really look that bad, and I will point out a couple of Miners that are setting up rather nicely too. We'll be discussing the General Markets , Oil, The USD , and Precious Metals for the final trading day of the week.
SPX - So the SPX is near the highs of January and we have resistance up here. We are coming due for a drop into a DCL, but this became a right translated daily cycle, so we can expect a drop and then a return to these levels. The channel has been a good guide for DCLs so far.
SPX - Stepping back, we see a bearish rising wedge. The Apex is actually about a week or two away, so this could go higher, but with the purple & blue line as resistance, it may get rather choppy and then drop.
Read More
WTIC - Almost 1 month ago I pointed out that I was expecting a Bounce from here, but that it would stall and drop as drawn (possibly to the 200sma).
WTIC - Oil bounced & dropped as expected. I now expect this drop to take out the lows of the DCL ( The blue arrow) and form a failed daily cycle, eventually seeking out an ICL. I wouldn't be surprised now if Oil breaks below the 200sma in a shake out too.
THAT SAID, For those that are interested...
Read More
Scroll to top
