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Category: 3 – Gold Trader

Weekly update of precious metals stocks and ETFs and the price of gold itself, featuring Lee Adler’s proprietary cycle analysis, with market trend opinions and stock picks. Click here to subscribe. 90 day risk free trial!

Gold is Having a Bull Movement

Gold is making orderly progress toward a year end or Q1 2023 target of xxxx-xxxx on the daily chart. Charts of the miners look full of potential as they emerge from massive bases. I have added a few more miner picks to the swing trade list.

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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. 

Gold and Miners, Pullback Looks OK

The pullback over the past week looks like a healthy correction in a 9-12 month cycle up phase.  I added two more picks to our miner swing trades list, bringing the total to four.

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Try Lee Adler’s Gold Trader risk free for 90 days!

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. 

Golden Surprise

Gold has broken out of a base that has a conventional measured move target that suggests a bigger move ahead. So do cycle projections. In the mining sector, I’ve added two picks to the swing list.

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Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

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. 

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.

Subscribers, click here to download the report

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

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. 

Signs of an Intermediate Bottom in Gold Falter

Apologies for the late posting. This report was written on November 1, pre market. It fell through the cracks in the between two other posts. Not that you missed anything!

Gold made a double bottom that looked consistent with the expected 13 week cycle low due in this time window, but over a week later it has failed to show any sign of thrust. A daily close above xxxx is needed to get anything going on the upside. Otherwise gold will remain at risk of a breakdown into the xxxxs.

The gold mining stocks’ swing trade chart pick screens produced 26 charts with second or third buy signals on Thursday and Friday, versus zero sells. That means that 52% of the screened stocks produced buy signals versus none on the sell side. So I reviewed the 26 charts, expecting to finally find a few to list as buys for Monday morning.

Subscribers, click here to download the report.

Non-subscribers, click here for access.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

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. 

Signs of an Intermediate Bottom in Gold

Gold has made a double bottom that looks consistent with the expected 13 week cycle low due in this time window.

The gold mining stocks’ swing trade chart pick screens produced 26 charts with second or third buy signals on Thursday and Friday, versus zero sells. That means that 52% of the screened stocks produced buy signals versus none on the sell side. So I reviewed the 26 charts, expecting to finally find a few to list as buys for Monday morning.

Subscribers, click here to download the report.

Non-subscribers, click here for access.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

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. 

We Now Know When and Where Gold Will Bottom

My call last week of a 13 week cycle upturn was premature, but bottom formation now appears under way in that cycle. Other short term lows are projected between now and xxxx xxxxxxx with a 4 week cycle projection of xxxx. A little further out, a 9-12 month cycle low now appears due between xxxxxxxx x and xxxxxxxx x at a projection of xxxx.

As far as mining stocks are concerned, the screens again produced zilch this week, so we sit and wait empty handed again for a better looking entry. That’s been the right strategy in recent weeks.

Subscribers, click here to download the report.

Non-subscribers, click here for access.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

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. 

Start of Something Good for Gold

The 13 week cycle has turned up, but the 9-12 month cycle remains uncertain. Here’s what to look for to tell if this is more than another dead cat bounce.

Subscribers, click here to download the report.

Non-subscribers, click here for access.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

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. 

Gold Reason to Hope No Reason for Optimism

Gold rebounded after hitting trend support. There’s regularly been an 8 week cycle pattern over the past year, and this fits that bill. The 13 week cycle projection has been reached. But the burden of proof is on the bullish case until gold clears xxxx. Otherwise the downtrend will remain in force, and we can expect lower lows.

Subscribers, click here to download the report.

Non-subscribers, click here for access.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

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. 

Small Comfort for Gold Holders

In the short run, trend support for gold is suggested at 1650, 1635 and 1600. But that’s small comfort. Both the 13 week cycle projection and the 9-12 month cycle projection point significantly lower. Gold threatens a breakdown from major long term support that would imply even lower prices than current intermediate term cycle projections.

Subscribers, click here to download the report.

Non-subscribers, click here for access.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

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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