Late Friday Night Charts…Copper Top !

If one is looking for a continuation of the deflationary environment we have found ourselves in since the 2011 top in the commodities complex, copper would be a very important piece of the puzzle. The general theory is that if copper is doing good so should the economy and vise versa. So how does copper look these days?

It looks …

Late Friday Night Charts…PM Impulse Move Gaining Traction

This week marked a few milestones I’ve been waiting patiently to arrive in the PM sector.. When you been watching a chart pattern start to develop over a very long time you’re kind of  surprised when the day finally arrives that completes the pattern. For instance the weekly chart for gold which shows the parallel downtrend channel has two big …

Wednesday Report…The Great Deflation Round 2 .

In tonight’s report I would like to show you some charts that could be telling us that the second shoe maybe getting close to dropping in the on going deflation scenario that really started to take hold last year at this time. If you recall the US dollar broke out of a massive base and with most commodities following  lower. …

Weekend Report…Gold’s Peculiar 6 Month Cycles .

In this Weekend Report I’m going to show you some more of the same precious metals stocks we’ve been following as more are joining the impulse move to the downside adding confirmation. Unlike the US stocks markets that have been trading sideways since the December high of last year, the precious metals stocks are in a confirmed impulse move down …

Late Friday Night Charts…US Stock Markets and the AWCI

Tonight I would like to update you on some of the US stock markets we looked at this morning. For the most part the support and resistance lines held pretty well today considering all the volatility. Starting with the INDU the S&R line held resistance today but the 200 dma is still holding support so we have a standoff taking …

Stock Market Updates…

This week has been very volatile in the US stock markets as you well know. The volatility started two weeks ago when the Dow dropped 350 points on a Monday I believe. That decline broke an important support and resistance line that had held support since March. This volatility has taken place just below that important support and resistance line …

Wednesday Report…Precious Metals : The Game Plan

Tonight I would like to update you on some precious metals charts we’ve been following very closely to shed some light on where we’re at and where we maybe heading. When investing in the markets we need to have a game plan to follow so that we know when the game changes we have to change. As long as the …

INDU Update…

Aside

We are getting a test of the low from the big decline last Monday which is to be expected as many times it takes multiple tests before support really sticks. This is now the moment of truth as this low needs to hold support or a bigger decline can be expected. There is the 200 dma, the time cycle low …

The GDXJ : Impulse Move Pending

The GDXJ is at an important inflection point right here and now. As you can see it’s sitting right on the neckline of a small H&S top that has formed at the fourth reversal point on the potential bearish falling wedge. A break of the neckline will almost assure a move down to the bottom blue rail of the falling …

SLV Update…Step by Step …Inch by Inch

Since the all important low that the precious metals complex made last November SLV has built out a H&S consolidation pattern. It’s not the prettiest one I’ve ever seen but all the pieces are there. SLV looks like it’s completing the second right shoulder by breaking down from a small H&S top today. As you can see there are two …

An Inconvenient Truth : The HUI:GOLD RATIO

There are no words to describe the Carnage  that Precious Metals Stocks have suffered for the last 12 years. There is no consoling those who have invested in this sector , many who have literally lost their life’s savings as they watch this horror unfold in utter disbelief .

The best way to gauge this complete evisceration of Precious Metals …

Weekend Report…Part 1…The End is Nigh ?

This Weekend Report will probably be one of the most important posts I’ve made in quite some time. It will require 3 parts to fully present this scenario .

I’m going to try and lay out a game plan on how this possible last impulse move down may play out in time and price. One thing I can guarantee you …

HUI Update…The Set Up is There

This long term daily line chart for the HUI shows it’s now, quietly and unassumingly, approaching that all important 2008 crash low again at the 150 area. This is a good illustration of what I mean when I talk about how a stock will often times build a consolidation pattern just above, just below or right on top of an …

HUI Update…Getting Closer

Below is a 2 hour chart for the HUI that we’ve been following since the all important low from last November. This chart shows you all the Chartology from that November low which I’ve been viewing as a H&S consolidation pattern. So basically the whole correction has been a H&S consolidation pattern within the bear market decline. This is not …

Weekend Report…Precious Metals Stocks : Long View

In this Weekend Report I would like to look at the longer term weekly and monthly charts for some of the precious metals stocks. Every time we get a small rally the gold bugs come out of the woodwork trying to explain why this time is different. At some point in time things will be different but I don’t believe …

Late Friday Night Charts…

Below is a ratio chart we looked at a few weeks ago that compares the $TNX:GLD in black overlaid on top of GLD in red. This chart shows you the inverse correlation between the ratio and GLD. When the ratio in black is rising the GLD is generally falling and vice versa. If you look to the right hand side …

Late Friday Night Charts…The Gold Target

A first time for everything. This week was the first time I ever went to basically cash before the jobs report was released. It’s still too early to know yet  if this was a right or wrong decision depending on what the stock markets do next week. I thought I’d give it a shot as these job reports always seem …

Weekend Report…Stock Markets Breaking Out Worldwide

In this Weekend Report I would like to show you some charts on the US stock markets along with some overseas markets as things are starting to heat up. It’s beginning to look like a world wide event taking place. Some of the European stock markets are breaking out of huge bases along with some Asian countries. Even in the …