This is a small Junior company that is dirt cheap and one of the most hidden gems you can find. The company has an acquisition on a key mining site in West Africa where recently they have found the gold ore quantity is much more than originally thought. With cheap costs given the geographic location (Africa), this company will see massive gains as Gold continues...
Today the main indices fell rather abruptly due to an algo sell off from payroll cuts possibly from Trump in the last hour. However, volatility in the main indices will likely continue as we failed to test 26,500 for example on the Dow. What this means is you can expect a downtrend in the main indices. Importantly, I am expecting the Fed to be dovish on future...
We clearly finished in the red today while being mostly flat for the majority of the day. This shift in negative volatility in the last hour will likely continue slightly tomorrow at open, with increasing downside risk before the Fed speaks, and likely sell-off algorithmically hard when his talk completes. If the Fed is dovish on cuts for September, this idea...
VGW has been oversold recently due to the Cannabis industry and the overall downfall of the sector. However, often times dollar stocks in the Cannabis industry (and in any sector as a matter of fact), typically are delayed in terms of their rebounds relative to the big players. The rebound has started for the large players already in the sector and I expect VGW...
Zoom posts earnings on September 5th and I am expecting them to beat the expectations. If this is a stock you have been looking to enter in, wait until 15 minutes prior to the traditional market close on September 4th and put in an entry. Clear descending triangle pre-earnings indicative of break-out is likely; targeting a bounce to 100.00 after-market with a...
As I expected prior to Tilray announcing their Quarterly earnings, I expected disappointment and therefore a push down. Contrary to many people being bullish based on the trend appearing of Wyckoff in nature, I focus on the balance sheets and earnings more predominantly than simply basing my decisions on trends. In today's market manipulation, it is foolish to...
Today in the general market we saw a decent bounce across the board - domestically and internationally off momentum from Friday. For the first time since our entire Gold run, I am neutral on the immediate (few days outlook) on Gold. However, if we re-test 1500 tonight I am very bullish again. I hinted at the chance of 1500 and suspected if it dropped below 1500...
Futures have clearly risen tonight from a false report that Trump said he would extend exemptions from banning Huawei. However, he later confirmed in the most recent update to reporters around 5PM EST today, that this report was completely false and that his staff will issue a final statement tomorrow with a likely ban coming (and possibly an indefinite ban all...
Futures have clearly risen tonight from a false report that Trump said he would extend exemptions from banning Huawei. However, he later confirmed in the most recent update to reporters around 5PM EST today, that this report was completely false and that his staff will issue a final statement tomorrow with a likely ban coming (and possibly an indefinite ban all...
Futures have clearly risen tonight from a false report that Trump said he would extend exemptions from banning Huawei. However , he later confirmed in the most recent update to reporters around 5PM EST today, that this report was completely false and that his staff will issue a final statement tomorrow with a likely ban coming (and possibly an indefinite ban all...
Since Gold has been moving somewhat sideways over the last week, a lot of people are being extra bearish and stating we will go back to the low to mid 1400s. What do I think? The reason I personally find this to be unlikely is that we will likely find sufficient algo buyers from the 1500 level to keep the prices at/above 1500. Contingent on geopolitical...
I have focused heavily on the Gold run that I have called to perfection thus far and I have neglected Silver so I will post an update regarding Silver! Silver, like Gold, is on the verge of a large bull run and historic break-out - this is only the beginning. I am expecting Silver to get 20.00 sometime in October, with a move to 17 again next week, and 18 in the...
We had a slight retracement today based on an algo bounce across the US indices. Despite the decent bounce across the indices around the world, Gold and Silver's losses were muted, thereby further supporting the long bullish trend I have been discussing for a long time. If today was "true bearish", we would be sitting into the 1490s. I am expecting a movement...
Remember the last and recent fall to 1484? I said not to worry and that was for a good reason. While people on this website have been bearish forever on Gold and Silver - just waiting for the price to plummet into the 1300s, I am happy to say its not happening. In fact, its time to seriously start considering going long in Gold and Silver if you have not already...
Its no surprise economic data is beginning to falter around the world with yields becoming negative or being negative already; even during slight bounces, Treasuries fail to gain any considerable ground. Negative data continues to point in several sectors like the DJT and in Manufacturing (PMIs) to inevitably, recessionary. For those who are trading, it is...
We have clearly surpassed the 1515 line that I predicted by my lonesome yesterday, and we will now be off to re-test our high before the correction (1533-1534). Once we initially re-test this value, we will likely quickly re-trace to about 1525-1528 and then a few hours later end up surpassing 1533-1534. Once we top this value, my next major target will be 1550....
In history, after sharp corrections and oversold Gold (lesser extent for Silver but similar idea), is that we often see a retrace to the value before the corrective value within 24-48 hours. In this case we could get close to 1520+ tomorrow (minimum 1510-1515), as Gold plummeted on the daily to as low as 21-22 RSI. While I am not a fan of RSI in general as it is...
We had another sharp sell-off today as a fake bear break-out to the down side from as high as 1534 to 1484 and we have since rebounded to 1500 and likely close in the 1503 range. Recall, we had the same type of thing from 1438 to 1402. We will still close likely at 1500 or above so the trend is still strong bull. I expect to re-test 1525 this week and...