It was a bad week for gold. A key support area held for now, but the drop in gold mining stocks was an unqualified technical disaster. Here’s what needs to happen for redemption.
Projections on the longer swing cycles have risen, suggesting that a low could be at hand.
Projections have dropped. They’re likely to be hit if support here breaks down. This report shows the new targets. Mining stocks still appear to be worth a nibble here based on hints this low in the precious metals stock indexes could hold. I have added a few more picks to the list. The volatility in…
The 13 week cycle projection of 1171 was reached. However, the 9-12 month and 6-7 week cycle projections now point to 1155-60. Here’s what needs to happen to signal a turn. The precious metals stock index also looks to be closer to a bottom. I have added a couple of bottom fishing stocks to our…
Gold is sitting at a crucial support level. Here’s what to look for.
Technical signals for gold prior to last week had been cautionary, so the selloff in the metal was not a complete surprise. However, the smash in gold stocks was a surprise, and did serious technical damage. Here’s what needs to happen to turn the outlook positive, or what to look for if certain levels do…
The 13 week cycle is running out of time to get anything more going on the upside. Here’s what needs to happen for the rally to extend and strengthen.
Gold continues to rise weakly from support. Its cycle patterns are now a mishmash of low amplitude indecision. Here’s why there’s still risk.
Cycles from 4 weeks to 17 weeks now appear to be in sideways up phases with limited upside potential through early November. The 9-12 month cycle now appears to be in a bottoming phase. Downside risk now looks limited, with a bottom due by Christmas.
The 13 week cycle appears to have begun a down phase early, heightening the risk that gold could break support.