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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 Weekend Newsletter August 12, 2018
Gold consolidated in a tight range between $1213 and $1226 all week. Prices resisted the strong Dollar as it surged Thursday and Friday. Metals and Miners remain vulnerable going into next week.
Weekend Newsletter August 5, 2018
Commercial gold hedgers reduced their short holdings by nearly 25% last week – a sharp reduction. Their combined positions (futures and options) dropped an astonishing 37%. The commitment of traders is now even more bullish.
Commercials Reduce Gold Shorts
Commercial gold hedgers reduced their short holdings by nearly 25% last week – a sharp reduction. Their combined positions (futures and options) dropped an astonishing 37%. Speculative shorts remain at or near record highs.
E Gold Continues To Hold The July 19th Low
Gold prices haven’t confirmed a bottom. It’s been 8 trading days. If prices bottomed, then they need to start heading higher.
Gold COT Report Encouraging
The persistent 3-month decline in gold cut much deeper than I anticipated. As the cycle extended, gold broke key levels at $1280, and $1238. I remain firmly bullish on the yellow metal and believe the washout period is over.
Gold Formed A Bullish Engulfing Swing Low
Gold prices formed an official swing low as well as a bullish engulfing candle. We could see a little more back and forth early next week, but I like our chances for a bottom here.
Tuesday Report: Gold And Metals
If my bullish assumptions are correct, we should get a series of strong up days around the time gold sets its low.
Gold Yet To Confirm Low
Will the 6-Month cycle ever bottom? It seems like the assault will never end, investors (including myself) are beyond their breaking point. It’s been 30 weeks, and gold is yet to confirm a low.
E Gold Suffers Technical Damage
Gold suffered significant technical damage as prices broke down below $1300 and $1250. However, miners didn’t confirm the collapse in gold; prices merely drifted lower in a consolidation pattern.
E Did Gold Finally Bottom?
It’s unwise to become overly bullish or to get married to a particular outcome. I do however think gold is headed much higher and that the recent setback was fleeting.
E Gold Made A New Overnight Low
It’s too soon to know if gold and silver bottomed.
E Are Miners Calling The Bottom?
Gold and silver haven’t done much to indicate a bottom, but miners are showing signs of life. Sometimes miners will bottom a day or two before gold establishes a low.
E Gold Continues To Slide
Gold continues to slide, and prices are below $1260 (currently $1258). Prices are fully oversold and extending beyond typical cycle metrics.
E The Broad Markets Are Selling Off Sharply Today
The broad markets are selling off sharply today, and this is putting additional pressure on everything else. Major markets are trading well-below their lower Bollinger Bands, and this feels like panic selling.
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.
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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