Contributor's Links: GoldPredict

AG is the editor-in-chief of the Gold Predict report and creator of the Gold Predict Buy Zone indicators. His members receive frequent reports and timely updates concerning gold and silver as well as the various mining sectors. He is a technician by trade who prides himself on making his ... more

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E Metals Market Report - Thursday
Today’s rally/breakout in gold was stopped in its tracks when the ECB announced an end to their QE program. I think the negative influence will be short-lived if gold remains above $1293.
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Metals And Miners Formed Significant Lows In December
Miners are taking a breather. Prices are trading sideways, and it is unclear if they will provide a meaningful pullback.
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Bitcoin Top?
It looks like Bitcoin topped and prices are down 30%. After surpassing $15,000 in December, the next logical level to strike was $20,000. Prices fell short reaching $19,891.00 before running out of buyers.
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Metals And Miners Continue To Whipsaw In Either Direction
A breakdown in gold would summon a retest of support around $1,200. I have a symmetrical basing objective supporting $1,180.
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Metals And Miners Are Rallying Instead Of Breaking Down
Metals and Miners could set rebound highs this week. There is substantial resistance in gold between $1,292 and $1,300. I’ll watch the trend and update as needed.
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Gold Cycle: Failed To Regain The $1,300 Level
Gold failed to regain the $1,300 level successfully. Consequently, the odds favor an extended decline into the October 6th – 10th timeframe.
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Latest Comments
Gold Prices Are Overdue For A Bounce, But Prices Continue To Trade Lower
1 year ago

Gold drops into a major cycle low approximately every 8-years. The last cycle low was in 2008. Prices should bottom in the first quarter of 2017, and a new bull run will begin. The dollar should make a significant top in the first half of 2017.

In this article: GDX, GDXJ, GLD, OIL, SLV, TLT, UUP, XAU
A Strong Rally Tomorrow?
1 year ago

Hi Gary - I agree that the destiny higher is sealed. My cycle work is at a critical turning point, and if prices are going to correct even further, we will know soon. What a fantastic opportunity to invest if they do!

In this article: GDX, GDXJ, GLD, OIL, SLV, SPY, UUP
Miners Are Making An “Outside Reversal”
1 year ago

Hi Aleh,

Precious metals and miners are currently at a fork-in-the-road. The bullish view would have a low form around this level followed by a rally above $26.00, and then to new highs. However, the bearish view maintains a breach of the October lows followed by a 30% decline into January/February. The direction they take likely hinges upon the US Presidential election results. Therefore, I would hold off on investing in miners (GDX is a diversified precious metal mining ETF) until we know what track prices have chosen.

In this article: GDX
The 8-Year Cycle In Precious Metals
1 year ago

Hi Cynthia,

No- I haven't noticed much deviation. Sometimes the cycle arrives before the election but more often than not just after. However, this cycle may have terminated early because of negative interest rates in Japan, Germany, Switzerland, etc. The month of November is key: If gold prices are unable to sustain a move above $1,315, then we risk rolling over and dropping into the standard 8-year post-election timing window.

In this article: GLD
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