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 And Miners Continue Consolidation
If gold holds the $1280 – $1285 area next week, we could see an upside breakout from the triangle that challenges $1350 – $1375.
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E Gold Need Consumer Sentiment To Tank
For gold to break out big, consumer sentiment needs to tank. It dipped sharply breaking the trendline in late 2018, likely a result of the Federal shutdown and plunging stock market. It has recovered and is trying to recapture the trendline.
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E Metals And Miners Rolling Over
It looks like metals and miners are rolling over into the next six-month low. Support for gold ranges between $1240 and $1250.
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E Gold And Silver In Long-Term Consolidations
Gold and silver remain in long-term consolidations. At some point, I believe prices will break sharply higher. To me, it’s a matter of when – not if. So what do we do in the meantime?
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E Rush To US Assets Could Lift Gold And US Dollar
I see the potential for higher, possibly much higher, stock prices if money flows to the US increase. A rush to US assets would presumably cause the Dollar to rise significantly. Gold would rally with the Dollar in that scenario
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E Metals And Miners Could Break Out With The Right Trigger
Overall, metals and miners are dropping into six-month lows, and recent strength is just a bounce. We need to be mindful of a potential breakout if the right economic trigger(s) sends gold suddenly higher. The $1310 – $1320 area will be decisive.
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Comments

Latest Comments
Gold Prices Are Overdue For A Bounce, But Prices Continue To Trade Lower
2 years 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, OILB, SLV, TLT, UUP, XAU
A Strong Rally Tomorrow?
2 years 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, OILB, SLV, SPY, UUP
Miners Are Making An “Outside Reversal”
2 years 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
2 years 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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