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 …

A Blast from the Past

Most would agree that the US Dollar is the most important Chart on the Planet

Newer members may not be aware of Rambus track record with the Dollar .

The Friday Nite Chart post from yesterday is a continuation of this analysis

Here is a post from exactly 2 years ago predicting a huge move to come in

the Dollar …

Weekend Report…PM Stocks Impulse Move ?

In this Weekend Report I would like to show you some charts for the PM complex in which we finally got some answers to some pressing questions that needed to be answered. The break below the brown shaded support and resistance zone – double bottom hump on the PM stock indexes, now gives us confirmation that the support zone is …

Weekend Report…WHAT IF The PM Bulls are Back

Every now and then I’ll do a post on “What If ” something is changing or not following along with what the original Chartology was suggesting. I have to keep an unbiased opinion and follow what the charts are saying. Sometimes it’s easier said than done. I know many of you were surprise when I exited the Kamikaze Stock last …

…The Comprehensive Chartology of Silver….

Five days ago silver broke out of an inverse H&S bottom that has temporarily reversed the downtrend. I measured the more conservative price objective using the higher low instead of the Swiss spike low which comes in around the 19.80 area on the log chart. It will be interesting to see if the Swiss spike low will be the ultimate …