I would like to update you on the US dollar as it plays such an important role in so many different markets. Getting the big trend right on the US dollar can help you see what areas are affected by the dollar to invest in. There are a lot...
Buckle up and pour yourself your favorite beverage…and take some time. This Report will be an in depth Chartology analysis of the current situation in this ever interesting and often exasperating market we are participating in. Oh, and don...
I had a completely different post in mind for today, but the action in the PM complex has changed my mind. Since the US elections the PM complex has had a hard go of it trapping many bulls in their long positions. The magnitude of this...
This first precious metals combo chart is one I try to show you at least twice a week, so you can follow the price action as it’s unfolding in real time. Except for SLV the other indexes have now traded below their respective neckline for...
I would like to update the INDU (DOW Index) we’ve been following, which continues the upside move since the night of the US elections. Keep in mind some of these consolidation patterns began to form back in 2015 which had nothing to do...
For the last two weeks, since the US elections, we’ve been discussing the possibility of strong inflection points building out on many different areas of the markets. These are areas where the markets can turn on a dime leaving those...
The inflection point in many of the different markets still continues to develop. The precious metals complex is approaching a very critical backtest to some important necklines we’ve been following. I added the GDXJ to the combo chart...
I know some of you are wondering why I didn’t post many charts today. The reason being, when there is extreme volatility one can get whipsawed to death getting caught on the wrong side of the whipsaw. My experience has been to let things...
Now is a good night to post one of the ratio combo charts we’ve been following for a very long time, which compares the TLT:GLD ratio to the GLD. Below the ratio chart is a ten year weekly bar chart for GLD. There are many ways to analyze...
Tonight I would like to look at some gold charts as it has been showing some relative strength since October. We can even go back to February of this year which shows a possible big diamond consolidation pattern building out. Regardless...