May 17, 2018, 7:52 AM
In yesterday’s alert, we provided a big and in-depth analysis of the current situation in the precious metals market and we concluded that a major and sharp move lower had just begun. Yesterday’s session was not like that at all. Instead of diving, gold and mining stocks did nothing, while silver moved higher. Did the bearish picture just get invalidated?
May 16, 2018, 7:42 AM
On May 1st, we knew that the precious metals sector was starting a 2-week rally based on cyclical turning points, apex-based reversals, and True Seasonality for May. The rally is over, the profits cashed in… And growing once again thanks to the new short position. What’s in store for the rest of the month and the next few ones? Something epic.
May 15, 2018, 7:09 AM
At first sight nothing really changed yesterday. The USD Index closed relatively unchanged, gold moved down just a little and while silver’s decline was more visible, one could view this move as rather accidental as silver is known to be volatile at times. Yet, there are grave implications of yesterday’s session as what happened yesterday only appears insignificant on a stand-alone basis. When one views it in light of the factors that were and still are in play and checks how the USD and metals moved relative to each other, it becomes clear that the implications are major enough for one to change their trading position.
May 14, 2018, 9:00 AM
Friday was the day when silver and mining stocks were likely to reverse based on their triangle-apex-based turning points and today is the day of gold’s apex-based reversal. Therefore, it seems likely that gold, silver and mining stocks are forming the final top for this short-term upswing, or that it is already in place. The problem with the reversal scenario is that the previous week was one big bearish reversal in the USD Index. Weekly reversals are significant and thus odds of a move lower in the USD increased substantially. This means more upside in metals and miners. What should one do with the profits from the current long position? It’s tempting to both keep and cash them and the answer is not easy. We provide our answer in today's alert.
May 11, 2018, 9:22 AM
The first few days of this week were very boring for the precious metals investors. There were some additional signals as we saw how the PM sector reacted to the USD’s strength, but there were no changes in terms of the daily closing prices. This changed yesterday. Are PMs starting to really rally, or is this simply the final pop up before the short-term trend reverses?
May 10, 2018, 7:44 AM
Nothing really changed in the precious metals market yesterday and it was yet another day when we saw this kind of performance. Seeing that nothing has happened in gold and silver for almost a week may make one think that this is going to continue for a long time. That’s very far from the truth. The price may have not changed much, but something else changed and the odds are that the days of low volatility are ending.
May 9, 2018, 4:29 AM
Once again nothing really changed in the precious metals market yesterday, but the USD Index moved considerably higher and this means that the PMs showed significant strength. Gold seems to be ready to soar, but is this really the case?
May 8, 2018, 5:08 AM
Absolutely nothing happened in the precious metals market yesterday and we can say the same about the USD Index. What can we infer from the above? Are the implications really nonexistent?
May 7, 2018, 8:08 AM
Not much happened in the precious metals market on Friday as the move higher simply continued to a small extent. The USD Index didn’t close the week above the 61.8% Fibonacci retracement but formed yet another reversal instead. Everything seems normal. And yet, we chose to adjust our trading position based on Friday’s action and two little-known, long-term signals.
May 4, 2018, 7:55 AM
We opened a long position only a few days ago and mining stocks have already moved very close to our initial target price. Is it high time to prepare for exiting these positions and perhaps reversing them?
May 3, 2018, 8:40 AM
It was only a few days ago that we saw a reversal to the upside that made the outlook bullish and we have already seen the opposite of it – the prices of gold, silver and – in particular – mining stocks formed a reversal to the downside. Were the bullish implications reversed as well?
May 2, 2018, 9:21 AM
Yesterday’s session was critical for the short term. Gold and silver declined, while the USD Index soared to new 2018 highs and metals closed relatively unchanged. It all happened at the combination of several turning points, some based on regular cyclicality, and some based on the apexes of triangles. Will the precious metals sector reverse and really rally shortly?
May 1, 2018, 12:15 PM
May 1, 2018, 7:37 AM
In yesterday’s first alert, we wrote that it could be the case that the precious metals market would drop further before forming a temporary bottom this week. That’s exactly what happened and we took profits on our short position as one of the key reasons for which we hadn’t closed them before ceased to exist. Namely, until yesterday, gold and silver hadn’t moved to any important support level. During yesterday’s session, however, we saw an important change in the above as gold and silver moved to their previous lows. The situation changed and so did our trading position and profits (which increased). What’s next? When are gold and silver likely to turn south again?
April 30, 2018, 11:32 AM
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