Market Action Doesn’t Get Much Better Than What I’m Seeing

Stocks and metals continue to shine. I can’t stress enough how great it is to finally have stocks acting strongly and predictably, which is the mark of a strong bull market. There really isn’t much else to say.

Buy the dips and build strong positions in the best stocks…and then sit and let it happen. Half the battle is waiting for a market such as this…and then pouncing hard when it comes. You don’t have to make money every day, every week or even every month. Rather, just wait for this type of market to make your year, or years, in a relatively short amount of time.

Gold gained a nice 2.61% this past week -- as we move away from the low where subscribers were told it was a fine place to buy in. Using dips is a great strategy in a bull market such as we have.

Looks like we may see a Cup & Handle pattern complete in the week ahead, which would suggest a strong move higher.

Good times indeed where I don’t suggest just watching. It seems to be the right market to be into things hand over fist.

We’ve got to watch, if we do complete a Cup & Handle where the exact breakout buy level is…but $1,380 will be the second buy level if we do see a handle form.

Silver gained 3.34% as it continues to lead gold higher. This is a very small Cup & Handle pattern now with $20.60 the buy area.

Indeed great action by silver.

Awesome action from platinum as well as it gained 5.71% -- and is breaking out solidly on high volume. $1,170 remains a key resistance area on the monthly chart…and above that $1,370 is the next resistance level.

Palladium had a solid week gaining 3.35%. This uptrend channel has just been a beast. However, we are near the $700 resistance area on the longer-term charts. Moreover if we do continue higher, as it looks like we should, $750 is the next level to watch for resistance.

 Palladium really hasn’t given us much chance to get in since it has taken off. The ride has been straight up with no dips to be bought.

Buy the dips and get taken on the ride higher.

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