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.
I am behind schedule this morning. The Precious Metals update usually posted early Monday will be delayed until around 11 AM ET. Thanks for your patience. I apologize for the inconvenience!
The intermediate cycle projection range has risen. There’s also a band of resistance indicated in the same range as the new projection. Weakness in the miners might not be a good sign.
13 week cycle indicators have begun to edge to the sell side, but does that mean gold is headed for a deep correction?
13 week cycle indicators remain in bullish postures but some are extended. Here’s what to look for. (Note: Publication time is Central European Time)
For now, gold and gold stocks remain in apparent consolidations as we gingerly hold a few stocks and ETFs long.
Gold has reached a downtrend line of the closing highs from the September 2016 high.