As of 2:33 AM on Wednesday April 26, The Wall Street Examiner was back up and running after 30 hours offline. The site was restored from a backup. We will be missing a few posts posted Monday. The normal posting schedule of all reports will resume this morning The cause of the server failure is undetermined.…
The 13 week cycle is still in an up phase but in danger of truncation. That has implications for the big picture.
Short term cycles got in gear to the upside and the 13 week cycle up phase strengthened last week.
Short term cycle down phases are holding sideways. That normally has bullish implications. But there’s a “but” in this case.
The Precious Metals update will be posted around mid day today, with current prices from this morning. The Pro Trader Treasury market update should be posted by tonight. Pro Trader Macro Liquidity reports will follow over the rest of this week. My travel schedule and an 11 hour delay (that’s right, 11 hours) on the train home…
The rally in gold stalled last week as short term cycles entered down phases. Is that reason for concern?
The rally suggests that the 13 week cycle has embarked on another extended upleg. Mining stocks are still iffy, but this report explains why it’s necessary to take trading positions before the turn is obvious. We add another pick to the 3 picks from March 13.
The 13 week cycle has probably bottomed. Here’s what needs to happen for the longer cycles to remain in bull phases for gold and for mining stocks.
The pullback has touched the former intermediate downtrend line. Here’s what to look for.
Signs indicate that the 13 week cycle has peaked. But in addition, longer cycles are not as strong as they should be at this stage. Here’s what to look for.