Have been tracking Gold and the Gold miners ETF GDX... It has been a while and it appears that Gold and GDX are at least in sync again. GDX appears to have closed the week above the long term range and just broke out, if not about to... MACD and VolDiv have not yet crossed over but indications show. The TD Setup is still showing primary bullish and a new Setup is...
Gold has tested the $2000 area twice and failed. If it makes new all time highs, above 2050-2070, it could easily run to 3k. One of the few spots of strength in the market along with bitcoin since the Silvergate&SVB triggered banking crisis. Out of position on a weekly close under 1750.
Introduction - This is what Binary Forecasting Service's trend engine says should happen in 48 hours, completely detailed. Details - I've confirmed the likelihood of the first part with no boxes. That is: 1) zig-zag to PPI at about 2175 2) explode to 2215 3) check-down the previous 2195 high 4) bounce and close NEAR OR AT HIGH OF DAY 5) this point is...
... for a 22.83 debit. Comments: Selling the -75 call against a one lot here out in June where I have covered calls at the 29, 27, and now 24 strikes. 1.17 max on BPE of 22.83; 5.12% ROC at max; 2.56% at 50% max. Going monied CC here in lieu of an equivalently delta'd short put to take advantage of call side IV skew (39.6% on the call side; 29.18% on the put...
Long Introduction -This is the second draft for 2340-2550-3000 as a singular move in 80 days. If you think a sell off to 2150 going to make me back off this call, in the words of Adam M. Grant, you need to think again. I promised 2345 in March and 2550 in April and so shall I deliver if within my power. That is, frankly not within my power. Those powers belong...
Introduction - So I've been writing the 2340 series and moving the dates back and forth. I realize now, that the whole move should be understood in one frame. This is that frame. This is the work that I have worked on for 8 years, to be able to make this call. I have checked, confirmed, verified etc... that I am correct in presenting this forecast. So with...
Introduction - By popular demand, Binary Forecasting Service's trend engine has second adjustment to 2340 schedule to finish this series the right way. Originally called for Monday 03/18, to account for retracing/profit-taking, the short-term trend followers are relentless and refuse to allow gold a retrace bigger than 20 points since 1983 on Valentine's Day. ...
Introduction - With the break of 102.50, Binary Forecasting Service's trend engine signals that the Dollar Index is in waterfall mode. This super bearish trend signal is screaming that DX will hit AT LEAST 97.75 in seven trading days by 03/19. The implications of THIS GIANT MOVE in the index has wide reaching implications for the entire global market. Details -...
Introduction - This continues from notes in DRAFT 2 published a few hours ago. Details - See previous drafts/posts for details.
Introduction - Price decided to follow route for DRAFT 0 instead of DRAFT 1 for NFP. Not only that, we can't get a 2% correction for profit taking. So the only route left, with so little time left involves 2215 high Sunday night, 2165 Monday check down, gearing up for CPI by Tuesday AM and 2340 by Wednesday morning. Details - See previous drafts for how we got here.
Introduction - In "DRAFT 0", Binary Forecasting Service verified that 2340 was indeed coming. Originally, trend engine schedule it for Friday 03/15 but I added Monday 03/18 as room for error. However, it seems that I was too careful, because trend engine is now calling for 2340 by 2 AM ET, on Wednesday, 03/13. Details - I am publishing first and adding details...
Introduction - So 02/21, at 2027, I started 2150 by 03/08. That was 6.07% in12 trading days, but hit today with 2 days to spare. I'm not saying this to brag, but who else on TradingView saw that coming? So what? That's old news. The old way used to be, "What have you done for me lately?" The new world is now, "What can you do for me in 8 trading days?" With...
INTRODUCTION - From previous notes in DRAFT 6, we are here now. IF BOLD LINE BREAKS EARLY, then DRAFT 5 may complete tonight. I find that hard to believe, but DRAFT 5 route HAS NOT been eliminated. Otherwise, the favorite move is check down now to 2096 and/or 2088 (tonight or tomorrow) followed by CLOSING FRIDAY 2200. But if price breaks that bold line, then I...
Introduction - This is DRAFT 6 for 2150. We hit 2120 today. Trend engine says 2200 Tuesday morning. Followed 2100 on Wednesday. Details - See previous drafts for details.
The war against sound money... keeping a "lid" on the price of the worlds biggest asset and truly the only real collateral in the world. Is being slowly lost. We have a continuation head and shoulders that many people are watching. But something to note Is that the previous times #Gold has traded above 2 thousand dollars The smackdown has been quick and...
Introduction - First draft at 2025 - and 12 days ago - called for 2150 on or before 03/08. After four drafts, we finally made "the still highly likely 2087". The manner in which we arrived there on Friday was deemed suspicious by pattern recognition software. With short and medium term trends slow to catch up, Binary Forecasting Service expected very bearish...
Intro - We are still on DRAFT 1 (link is below). Should the gold gods favor massive underdogs this time around, it should be this route that bulls take to salvation. We will know by Tuesday 3 AM ET, the hour in which bears of the UK (also known as LBMA) unite and - in their vanity - attempt to put this bull market six feet under. It is undoubted true that bears...
Introduction - Binary Forecasting Service's trend engine says that bulls are zombies. They are dead, but they just don't know it. Details - Previous four forecasts was chasing 2150 by end of coming week. Despite "catching up" to trend", short to medium term regression waves are not moving up fast enough. This is A recipe for the "C" in Elliot Wave's A-B-C. In...