Almost exactly one year ago, on March 2, 2024, we had been following many charts for the PM complex, which were at critical inflection points and could have broken either way. Many of the chart patterns we had been following for six months...
Most of the time, when you see a large consolidation pattern under construction, it can seem like an eternity before you actually get to see the breakout. Sometimes, a year or two can pass by with no sign in sight that the breakout you’ve...
Gold has been massively outperforming the rest of the PM complex for quite some time, but that all began to change since the first of January this year. I know how frustrating it has been for precious metals stock investors to see gold...
With the exception of Gold, the precious metals complex has been a tough place to trade since the last important high made in 2020. Since that 2020 high, the PM complex has been building a very bullish expanding falling wedge consolidation...
Last weekend we looked at the US dollar which was beginning to show some strength as it is trying to find a bottom after a pretty hard selloff which can affect many different sectors in the markets. Today I would like to focus on the TNX,...
It’s been awhile since we last looked at some of the important currencies of the world which are telling us a big story right now. I’ve often mentioned that the bigger the trading range the bigger the move which makes perfect sense if you...
My job is to give you the best unbiased opinion of the markets to the best of my ability. That means my opinion is my opinion and not someone else’s. Opinions are a dime a dozen when it comes to the markets including mine. There are some...
There are just a few times in ones investing career, depending how early you start and if you survive long enough, that you are witness to some extraordinary changes from the MACRO scale perspective.
Before we look at the Gold charts tonight there are a couple of things I would like to explain to our new members. Long term members have heard what I’m going to explain many times in the past when we start a new impulse move. It sounds...
Last week I mentioned that it might be time for the PM stocks to start consolidating their gains from the last reversal point in the blue 5 point triangle reversal patterns. It looks like it has now started after last week’s high.