Brad Wessels

CNBC’s Larry Kudlow is still managing to find shills that are pushing their stock buying BS on tonights show.  Kudlow in his typical hackish style blurted “This is the best stock buying opportunity in 80 or 90 years.”  ...
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Hope abounds that our new President Obama will somehow accomplish his promised changes of returning us to peace, prosperity, and respect among free nations. Already the signs of reconciliation and selfless sacrifice abound. Take for e...
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Larry Kudlow has once again proven his stupidity as his latest, polyannish, little verbal tic of ”drill, drill, drill,” turned against him as energy markets crashed faster than world stock markets. Now sp...
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The HUI FCS remains on SELL after a dismal year so far at a 15% loss,  still the system has provided a whopping return over the past 6 years trading one tough, volatile market.  In early August, multiple long term indic...
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The HUI FCS has been on a buy signal since early May and I am holding a GDX/GLD split long position. This has been a trade that really tested patience with the system as minor rallies fizzled and most of the time the trade was flat. Finally it looks as...
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The HUI FCS gave a buy signal this week and I am long GDX/GLD in halves.  The weekly gold chart printed a bullish harami candlestick formation which has been a very reliable reversal formation in gold (green boxes on chart.)  This has occurred�...
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Gold dropped over $100 the week following a surge to its all time high price of $1,011 an ounce. The following week, CNBC parrots repeated several times a day that gold just suffered its largest one week drop ever. During ...
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The HUI FCS is currently on a BUY signal and up a bit.  The system suffered a nasty whipsaw but still posted a gain of 3.3% on the last trade; without the whipsaw that trade would be up 15% These types of “losses” are an unavoidable c...
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The HUI FCS issued a BUY signal this past Monday and so far the trade is up 7.5%  This signal occurred with a confirming pattern trade, a triangle break-out, adding to its validity and profit potential.  The mining stocks have been...
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The HUI FCS issued a SELL signal today with an 8.2% gainer.  Price behavior is maintaining a very bullish posture and another buy signal will be issued shortly.  I am looking at the daily wave count and maybe this is completing as ...
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The HUI FCS continues on a BUY signal and my GDX position is currently up 15.2%  I see growing strength developing in this move as silver and the mining indices have now all joined gold and taken out their previous highs.  The HUI:Gold ratio continues to remain steady at .5 and showing no favoritism, gold continues to outperform silver,...
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The HUI FCS continues on a SELL signal but could change to buy very soon.  Gold is consolidating just above $800 and forming a very reliable continuation pattern; the high, tight pendant formation.  A convenient feature of this structure is they frequently mark the midway point of strong price impulses; so another surge to $975 appears to be close at hand! This...
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The HUI FCS remains on BUY. However it has been very dissappointing to see this GDX trade remain stuck in the broad market mud while gold bullion triumphantly left $800 behind and surged close to its all time high.  Unfortunately, the banking stocks have bull dozed the markets and little has been spared including mining stocks leaving them underperforming bullion. But as a result of...
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The HUI broke through a very significant resistant confluence today and at the same time the FCS has gone to a BUY signal.  Mid-day I was very pleased with how price was holding so I entered half the position in GDX and will enter the remainder at tomorrow’s open.  The HUI 423 level represents  important Fibonacci and...
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The HUI FCS issued a SELL signal after Friday’s close.  I will close out my GDX position at the markets open on Monday for a 23.8% gain; not bad for only a 6 week trade.  Only 5 of the systems 24 winning trades have exceeded this return during the seven years of running it and only one of those exceeded...
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The HUI FCS now is up 26.5% in the current GDX trade. Price bars have formed a large bearish harami, a two Chinese candlestick formation. This could indicate a larger scale retreat from here.  However, candlesticks are not reliable enough to trade on alone and the larger picture appears to be a bullish break out with more upside and maybe...
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The HUI FCS remains in STRONG BUY mode and my GDX long trade is now up 23.5%  Today I added to my position based on the trends sustained strength and a tradable pattern break out.  The recent consolidation formed a well defined flag pattern from which we just had a bullish break out today. This...
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The HUI FCS signal remains on a BUY for precious metals with our GDX long position now up 21% in less than three weeks!  It is encouraging to still see bearishness and outright denigration of gold as it finally surges to a new high once again. An uptrend in all time frames is the type of nasty behavior I happen to like most...
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The HUI FCS sparked and the buy light flashed after last Friday’s closing price.  I entered a long position in GDX at Tuesday’s open at 37.80.  The spark did ignite a fire as the index rallied sharply this week quickly putting us in the trading comfort zone closing at 41.2 or up 9%.  So now I am expecting the usual smack down...
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With today’s deja vu of the Shanghai dump earlier this year, the FCS has issued a SELL signal for precious metals and the gold mining stocks.  This trade will register another small gain of 1.2% It appears nothing has really changed except that now there is a  slightly ascending trendline above most of the HUI...
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The FCS signal remains on a buy since June 1 and the HUI gold bug index is now up 14.8%  from the system entry price.  My GDX trade is showing a bit more gain since I missed the signal and entered a few days later at a lower price.  So far gold has been lagging the...
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The FCS system continues on buy signals for gold, silver, and the HUI gold bugs index.  With the rebound in precious metals this past week, all trades are in the money.  I missed the actual system signal and entered late, buying GDX this past Monday at 38.25, just luck it was at a lower price!  GLD or gold itself had a very nice looking...
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FCS issued buy signals for GDX, GLD, and SLV after Thursday’s close.  I apologize that I was at a professional conference the past two days and just arrived home late today, Friday.  Ideally, I would have opened trading positions in GDX and SLV at today’s open.  There was good follow through today after yesterday’s high volume, broad based rally of the miners.  At this point, I will...
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Although my FCS system still is on hold with the precious metals and mining indices, a buy signal was issued last week on the Dow AIG Commodity Index.
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The FCS continues on a BUY signal for the precious metals and their miners. My long positions in GDX and SLV are now up 4.1% and 4.5% respectively. Relative strength in silver looks to be surfacing again after this week’s action. The HUI gold bugs index appears to be putting in a...
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The FCS remains on a BUY for gold, silver, and mining stocks with current trading positions in GDX up 6.4% and SLV up 5.4% This is the fifth time price on the HUI has entered the 350-360 level. During the last three, major reversals took place erasing our trading gains, so I must admit I am a bit skittish here. Pattern trading dictates selling...
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The unfortunate truth is that very few 401K plans offered by employers give choice of investing in commodities.  A recent survey revealed less than 10% offer funds that are commodity related. The few that do, usually are only offering energy sector funds.  No precious metals funds, no commodity index funds, and no pork belly funds to be had! Considering 401K plans now constitute...
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In late January, I posted two articles regarding my long term view on the gold market. A symmetrical triangle pattern was identified and its likely subsequent price action described. At that time, I recommended a low-risk pattern entry for those making their first purchase of bullion or adding to existing gold investments. ...
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Today the FCS issued a buy signal for GDX, GLD, and SLV all nicely in sync!  I opened  long positions in GDX and SLV before the days close.  Interestingly my short term broad market indicators also have turned strongly bullish, however the primary longer term sell signal is still in place.  WD Gann was...
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The FCS remains on SELL/CASH signals for GDX,GLD, and SLV.  Convergent support is strong in the HUI 310-320 area that is being currently tested.  Unfortunately  I see no indications of a bullish reversal on any of the indicators I use.  On the other hand the “golden triangle” is undergoing a common tendency of price to pull-back and test the upper...
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