Research

26
May

S&P500 Pushes Past 3000. Next up 3190?

The S&P500 finally worked its way back above 3000 today, and in the process has cast into question the likelihood of a second wave down. In the sight of all doubters, price has pushed through the 61.8% Fibonacci retracement of 2920 measured from the February highs to the March lows.
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Gold Daily Chart
06
May

Gold and Silver Coiling for a Move

I want to review price action in gold. Here is the long term, 40-year semi-log chart of gold monthly futures. I have drawn my fibonacci levels from the secondary high in 1980 ($720) to the bottom in 2001 ($250). The story is as follows:
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Long term gold chart
25
Mar

Historic Bounce in Gold at Key Fibonacci Level

I want to review price action in gold. Here is the long term, 40-year semi-log chart of gold monthly futures. I have drawn my fibonacci levels from the secondary high in 1980 ($720) to the bottom in 2001 ($250). The story is as follows:
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GDX-3-12
12
Mar

Liquidity Crisis Accelerates and Hits Metals Hard

The last two weeks have been extremely volatile in the markets, and for the first time in a long time my friends and family have called to inquire about “what is going on in the markets?”
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03
Mar

The Market Crash of 2020: Where Do We Go From Here?

The last two weeks have been extremely volatile in the markets, and for the first time in a long time my friends and family have called to inquire about “what is going on in the markets?”
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13
Feb

$GC Mid-month Gold Update

Price action in gold has traded in a narrow window over the past few weeks, winding into a tight coil as it begins to consolidate for another leg higher. The wave counts suggests that gold is in the early stages of a Wave 5.
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01
Feb

$GC Gold Ends January on a Monthly High

Gold bugs should be pleased with the monthly performance of gold in January. The definitive monthly break of the $1520 level, which had acted as strong monthly support six times between 2011-2013, before serving as resistance during this recent consolidation period between August and December, has sent a bullish longer term signal to the market.
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US Housing
30
Jan

[VIDEO] US Housing Market Update – Jan 30th, 2020

In this video, I review key technicals in the US housing market, specifically the real estate ETF REZ, home construction ETF ITB, mortgage rates and lumber.
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Silver Price Chart
29
Jan

[VIDEO] Silver Update – Silver Testing Rising Channel Support – Jan 28, 2020

In this video I take a look at the prevailing long and short term trends in the price of silver. While the decade-long trend remains down, the one year trend remains up.
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27
Jan

[VIDEO] Market Update – Dr. Copper Looking Very Sick – Jan 27, 2020

In early January I got very bullish copper as price was breaking out of a multi-year symmetrical triangle. The trade worked well initially, but price subsequently reversed and fell precipitously. In this video, I take a look at this price action, explain how I build a chart, and what the copper price means for the...
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