Introduction - London, of all places, vigorously defended 2373 and destroyed scheming bears' setup for 2285 this morning. Is this a sign that miracles do happen? No, it simply means 2444 is next. This also means a slow side-ways-to-up to 25xx in mid-May before MAJOR CORRECTION ahead of 6/12 FOMC. As always, we trade one day at a time and will cross that bridge...
Introduction - Didn't your mother ever tell you not to play with your food? Bulls with upper hand near 2400s once again trapped by hubris. Believing themselves invincible post Powell speech allowing bears to hang around with the door to 2275 still wide open. Will they regret this indecisive decision? Only time and Binary Forecasting Service's trend engine will...
Intro - This should be the next step on our way to 4800. 5500 is now unlikely considering what Friday's top means going forward. Details - Will break it down as we go. But be aware, I am not going to as helpful as I usually am.
I rally between now and April-May looks like a good risk-reward, however those gains are likely to get faded very fast as capital flows back into discounted equities, and other growth assets Of all the minerals mined from the Earth, none is more useful than gold (this is speculation). Its usefulness is derived from a diversity of special properties. Gold...
the fundamentals on gold aren't good: 1. its a rock, King Midas can make the supply infinite 2. mining it is an environmental mess and energy waste 3. value is primarily speculative 4. ton of overhead bagholders from 1,500-2,000 days 5. crypto currency stealing new retail 6. being hoarded by fragile states/ regimes 7. regulatory risk during crisis...
Introduction - This is continuation of a series that intends to deliver you 5500 in November 2025. I did say I would not make another public post because of what I felt was bad policy. That should not, however, punish the entire field of TradingView users from the benefits of the incoming rally to 2450, 2500, and ultimately 2675+ before 05/01 FOMC. From Here On...
🚨 🚨 🚨 #Gold is forming a Bearish Engulfing on the daily charts. Volume is almost there for a confirmation of the pattern. Money Flow is low. Overbought. Weekly we see Gold forming a doji = battle bulls & bears. #Silver is at a major resistance. This should be an interesting week... AMEX:GLD AMEX:GDX AMEX:GDXJ AMEX:SLV
Introduction - After proof checking DRAFT 7-5 for all weak spots, this updated and detailed draft is the base case guide going into today's open in six and a half hours. Details - All background information, data, concepts, suggestions, and etc... can be found in previous DRAFT 7-5. This post is for continuous updates/notes/commentary on live price action from...
Introduction - With both pride and humility but pure anticipation, I present you my life's work summarized in one day's price action. DRAFT 7-5 is the latest of a series that attempts to accurately map gold's heroic route to 5500 (due November 2025) with respect to both price and time. Since nailing the 1810 low in October 2023, this proprietary "fractal...
Introduction -I've been looking for this move 4 weeks now. I think it's now, RIGHT NOW! Details - My daily notes bat pretty well but I've been very frustrated not hitting one "giant but quick super rally" for last four weeks. These things have a "very specific look" that I call "reverse one step water fall". Will explain later. So when they show up in major...
... for a 28.24 debit. Comments: GDX (IVR/IV 40.8/ 32.9) is at the top of my IV screener for ETF's (along with GDXJ, which has higher IV, but is less liquid). Buying stock and selling the -71 delta call against, resulting in a max profit potential of .76 ($76)/contract; 2.69% ROC at max; 1.35% at 50% max. That .76 isn't massively compelling, but the ROC is...
... for a 21.01 debit. Comments: There isn't much that is weak in this market ... . Adding a rung to my GDX position out in August at a strike lower than what I currently have on. (See Posts Below). .99 max on BPE of 21.01; 4.7% ROC at max; 2.4% at 50% max.
Introduction - This is a followup to DRAFT 7-2, which was shredded by bears of the UK this morning at 3 AM. Combined layered trends on all time frames say gold is about to correct this problem by going to 2400 before London re-opens in order to avoid shenanigans on the way up. Naturally, we expect one round of selling in Asian session at the 44-year trend line...
Introduction - Ceremoniously, with conviction in due diligence and much more anticipation, Binary Forecasting Service, presents 2300, 2350, and 2400 in succession before this week is out. Continuing from DRAFT 7-2 and price action in the last hour, bulls responded to bears's apparent "overselling to 2253" with a spike to 2277. In which ferocious bears jumped on...
ALL PREVIOUS BULLISH FORECASTS CALLING FOR 2300s-5000 ARE DEAD EFFECTIVE IMMEDIATELY! Intro - Binary Forecasting Service's proprietary counter-manipulation signal has picked up a crushing signal due to "bears of UK/LBMA" action after unexplained sell off from 2282 to 2275. Normally, this would not be a problem except that its timing has been SUCH A REGULAR...
Pour yourself a glass of Goldschläger and let's review the 12 steps before diving into this. 1. We admitted that we were powerless over the Fed -- that our balance sheet had become unmanageable. 2. Came to believe that a Power greater than our central bank could restore us to solvency. 3. Made a decision to turn our fiat over to the care of sound money, as we...
Introduction - Once more, with conviction in due diligence and much, much anticipation, Binary Forecasting Service presents: 2350, 2440, and by extension 2520 all before 04/23/24. At publishing on Saturday March 30th, that is 12.85% range in 17 trading days but counts as 25% if the trend engine can nail the 150-pt "V" move (for an extra 300 pts) between 04-09...
Introduction - Looks like we are moving for 2300 and 2400 in a runaway top for 3/31 and 4/01. As of 5:28 PM ET on 03/25/24, every prerequisite is in place and Binary Forecasting Service's trend engine explicitly calls for this move to be the outright favorite. For the next 10 hours, if price stays under 2175, this makes this outcome even more likely as the trend...