Brad Gudgeon
Brad Gudgeon Articles
According to my read, the stock market as measured by the S&P500 is about to enter roughly a 12% to 13% correction. A few weeks ago, I wrote about the dates July 5th and November 29th as being possible important cycle lows for the...
From this vantage point, it looks as though the precious metals complex will trade opposite the stock market throughout the month of June. The miners look as though they are bottoming, while the stock market looks as though it is topping...
The GLD chart below shows gold in a declining wedge. Cyclically, an 8 TD low is due in gold and a 4 TD low due in GDX on June 1st. A strong rally is indicated into June 2nd for both gold and GDX. The stock market (as measured by the S...
Last time I wrote, I pointed to May 19th as being a likely, important bottom in the precious metals complex. It is May 16th in the evening as I write this. If I'm correct, the next three days should prove to be huge down, especially for...
Gold should drop about $150 from here into May 18th or about 12-13%. Gold mining shares should drop about 35-38% from here into May 18th. Mercury turned stationary/retrograde on April 28th, suggesting a major top +/- 2 trading days from...
Either we saw a top in the mining shares Friday or we will see it on Monday. The cycles suggest a low around April 19th and the e-wave pattern suggests a continuation higher after the bottom is put in, likely into early June.
Last week I was looking for a top in the stock market within a week or two. We are still very close to that top and nothing has changed. The SPX needs to break decisively below the rising trend line. Normally, markets coming off a top...
Last I wrote, I thought we might be breaking down out of a rising wedge pattern in the SPX. Apparently, many others thought the same thing…and you know what they say when too many agree. So many are thinking we go lower from here and...
The SPX 8 TD top was due Thursday and we are in the mid band of the Sun translation to Neptune, Saturn and Jupiter on Friday (TD 9). This reversal band has a +/- 10 TD reversal time frame from March 4th, which points to March 18 (OPEX) as...
The charts below were sent out to my subscribers last night. The SPX is in a bearish rising wedge formation -- and it looks like a top may be made on March 2cd….and near 1980 is in the offing. Gold and GDX are breaking down. The GDX charts...
