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Gold Slot Racing Leading Nowhere

Gold engaged in a bit of rangebound slot racing last week, but has so far shown little sign that it’s on the verge of breaking out of its trading range. Positive divergences in a couple of cycle indicators suggest accumulation is under way, however… This report explains what that means. Subscribers, click here to download the report.

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Meanwhile, for the mining stocks, cycle analysis shows that another strong weekly performance has kept all 3 cycles on the buy side. The fact that 6 month cycles have been positive for weeks is normally a sign that the trend is headed up. But in this case, it has only gone sideways. The longer this goes on, the more problematic it is for the longer term outlook. The stocks in the sector need to start breaking out of this trading range, or the next move in a month or two will be down. Non-subscribers, click here for access.

Chart Picks – Given the good numbers from the cycle status screens, I was again looking for good buy side setups on the charts produced by the screens. Non-subscribers, click here for access.

The final numbers from the swing trade pick screens weren’t bad, 18 final buys to 5 final sells. But again, on reviewing the charts of the stocks with multiple buy signals, I … Non-subscribers, click here for access.

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The strategy and tactics suggestions in this report are informational and general in nature, and illustrative of one approach. They are not investment advice. No representation is made that it is the best approach, will be profitable, or even suitable for any particular investor.

Nothing in this letter is meant as personalized investment advice and you should not construe it as such. Trading involves risk of loss, and in the case of options, the loss can be 100% of the amount invested. Any trading that you do with reference to strategies and tactics suggested in this report should be done only after consulting with your financial adviser. Trade at your own risk. 

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