Toby Connor
Toby Connor is founder and owner of GoldScents.Blogspot.com, a financial blog with an emphasis on the secular gold bull market providing daily and weekly analysis regarding the trading activities in the precious metal, currency and stock markets. He also offers a premium newsletter available for subscription at a price.
Toby Connor Articles
In this business there is no greater buying opportunity than at a bear market bottom. For those few investors able to control emotions, delay gratification, and go against the crowd, a bear market bottom is where millionaires and...
Analysts everywhere appear to be wondering what could possibly be the catalyst to turn the gold market around. I maintain it's the same catalyst that drove the gold bull market from 2001 to 2011. Out of control currency debasement.
Gold under attack, but for how long? Something may have changed Monday in the gold market. For one I think gold probably formed a minor daily cycle bottom. But what I'm really talking about is the complete recovery from another middle of...
A rather interesting development occurred on Friday, and one that I wasn't really expecting. The dollar sliced right through its intermediate trend line on its first attempt. I thought for sure we would see some kind of pullback from that...
My best guess continues to be that stocks will extend this consolidation on Friday and then deliver one more push higher into the FOMC meeting next week. I expect the Fed will confirm no tapering, which will likely trigger a big rally and...
As I mentioned in my last post there is a disturbing possibility that gold's intermediate cycle has topped, and done so in a left translated manner. For clarification, left translated cycles often lead to lower lows. In this case if gold...
As I was afraid would happen, gold suffered an overnight hit that drove it back below the $1350 support zone. The drop occurred in the span of one minute so it's pretty obvious this was a planned attack with the intent of taking out that...
The answer to the question above unfortunately is maybe. There are definitely warning signs springing up. The first sign of trouble popped up last week when the miners generated a key reversal on huge volume and on a day when gold was...
Now that gold has broken its daily cycle trend line I think we can assume that the daily cycle decline has probably begun. My best guess is that we will see gold drop into next week's employment report and test the support zone and...
First off let's go over the key cyclical points from today's action. Yesterday gold broke above the cycle downtrend line, thus confirming August 7 as a daily cycle low.
