Category: 3 – Gold Trader

Gold is consolidating within a 9-12 month cycle up phase. The projected high is due between xxx and xxxxx xx, with the projection currently honing in on xxxx.

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The final numbers from the swing trade pick screens over the past week resulted in 21 final buys to just 17 final sell. Not overwhelming like the two previous weeks, but still a buy side edge.

As usual, I reviewed the 21 charts with short term buy signals. I saw a lot of tired looking uptrends near resistance, with waning momentum. It wasn’t inspiring. So I adjusted the stops on the 3 remaining picks and added one more, just in case I was missing something bullish.

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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 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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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 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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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. 

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. 

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.