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Professional Edition Precious Metals Quick Update

I am in NYC this morning, where it is a beautiful day. I don’t have access to all my tools and data while traveling, but here’s a quick update for Professional Edition Precious Metals Report. The full report will return in its usual format Friday AM.

The 9-12 month cycle projection has now risen to 1700. The 13 week and 4 month cycle projections are now pointed in the vicinity of 1712. Intermediate cycle indicators continue to strengthen, and the long term indicators actually improved as a result of the action of the past few days. Of course, that only counts if it sticks at the end of the weekly measurement period for that chart, but as of now, all systems look go.

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On the gold stock screens, there’s been just minor improvement, not enough to get excited about. The one stock pick is holding its gains and continues to look good but needs to consolidate as it runs up against resistance.

Get daily updates of short term and intermediate cycle price projections for gold and HUI, and stocks to watch. Subscribe today.

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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