Gold began its new bull uptrend in 2019 and is currently experiencing its first major correction. We are beginning to get really excited with gold POSSIBLY breaking out of a major bull flag pattern that it has been slowly consolidating in for the past 8 months. In this edition of The Weekly Wrap Up, you’ll hear: […]
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Almost in stealth mode, precious metals have begun to bottom and start a new upside price trend while the US stock market focused on the FOMC meeting a few weeks back and current economic data. Gold, Silver, and many of the Miner ETFs recently started a moderately strong push higher – almost completely behind the
Are Metals & Miners Starting A New Longer-Term Bullish Trend? Read More »
We are back with the third installment of Sprott Money’s Precious Metals Projections. Each month Craig Hemke and I take you through the key charts in what is going on not only with precious metals but other key indexes and indicators so we can determine what the general trend may be. This last quarter has
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My shorter-term analysis for the markets continues to stay Bullish and suggests the US reflation trade, the strengthening of the US and the global economy, and recovery from the COVID-19 restrictions will likely prompt a moderately strong upside price trend leading into at least mid Q2:2021. The recent strength of the US Dollar is helping
The SPY Is Nearing Resistance @ $410… Read On To Find Out What Is Next Read More »
My research team and I continue to believe the Cannabis/Alternative sector is poised for a big trend in 2021 and 2022. Over the past few years, this sector has continued to trend lower after the hype of 2016~2018 – back when everyone was getting into the Cannabis industry as multiple US states authorized recreational and
The Current Cannabis Sector Rally Is Pointing To Another Breakout Read More »
The recent news of Hedge Fund and other institutional crisis events has opened many eyes as investors and traders realize the post-2008-09 global market credit bubble has extended well beyond what many people may realize. Recent news that China offered a “deferment” for Chinese corporations and state-run enterprises content with shadow banking credit/debt issues at
One of the most important aspects of trading is being able to properly identify major market cycles and trends. The markets will typically move between four separate stages: Bottoming/Basing, Rallying, Topping/Distribution, and Bearish Trending. Each of these phases of market trends is often associated with various degrees of market segment trending as well. For example,
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Precious Metals have continued to slide sideways as the US stock markets have rallied into the FOMC meeting last week. Not by coincidence, metals have continued to base/bottom near recent lows as concerns about the global debt/credit markets, central banks, and precious metal supplies continue to linger. The US Fed indicated it will do whatever
Precious Metals Miners Setting Up For A Breakout Rally – Wait For Confirmation Read More »
While everyone was paying attention to the FOMC, Gold & Silver, and the Treasury Yields, it appears the recent commodity rally trend took a big hit on Thursday, March 18, 2021. Our guess is that the FOMC statement did nothing to support the continued commodity price rally as the US Fed continued with near-zero interest
Have Commodities Peaked? We Doubt It Read More »
“I have received numerous emails and questions regarding the market’s set up and what to expect after the Triple-Witching event (FOMC, Futures/Options expiration) last week. It appears many traders/investors are seeking some clarity related to price trends and the potential opportunities that are setting up in the US markets right now. In this research article,
After The FOMC – What’s Next? Read More »