Morris Hubbartt
Precious Metals Analyst
Morris Hubbartt is the creator of proprietary timing models in the Superforce Signals, Superforce 60 Trading Service. He is senior vice president, General Manager and as Co-Owner of a concrete manufacturing company since 1985. He is also sole proprietor of SFS Newsletter Services that specializes in volume analysis of the gold & silver markets. His website is at www.superforcesignals.com.
Morris Hubbartt Articles
The Fed minutes put a damper on the markets, but not on our huge cash positions in our SGS portfolios (all in USD). The candlestick action on silver bullion is impressive and we're stepping into the market to buy a position with stoploss.
We've had a failed bullish engulfing candlestick on the miners. Stocks like Tesla are popping, and defense stocks could be breaking out (with natural gas close behind).
My technical work suggests the “max downside” for gold could be $1840 on this pullback, and the action in the CDNX juniors suggests it could be over for them already!
What a wild week this has been. India raised the silver duty, the Fed hiked only a quarter point, and we now have a major entry point for gold, silver, and miners, as long as the Friday jobs report is OK.
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
