Category: 3 – Gold Trader

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Over the 4 days Feb 1-4, 45 charts of the 52 that I track, had at least one buy signal. That’s promising. I screened those with prior buy signals for buy signals that triggered on Monday. There were 25, indicating signal progression through several short term time frames. I then gave those the eyeball test. Many of them looked like they could move higher. I chose 3 that I liked the best to add to the list as shown on the table below. That will leave us with 7 open selections.

Looking at a screen of all 52 stocks in the group on Monday, there were 35 buy signals, before applying the filter of those that had signaled previously last week. It suggests that the group should be higher in a week or two than it is now.

See, analysis, table of picks and charts (subscriber version).

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you.

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The good news is that cycle projections are rising and all point higher. There are also some promising  picks among the miners. We’ve had 3 on the list already, and they’ve been moving up.

See, analysis, table of picks and charts (subscriber version).

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you.

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

Subscribers, click here to download the report.

Gold There are signs of cycles getting in gear to the upside, but no sign of thrust yet. Initial upside projections point to xxxx – xxxx (in subscriber version).  Gold needs to clear xxxx to break the 13 week cycle MA and signal at least a little more upside in the short run.

On the very long term monthly chart, gold remains above a critical trend area around 1790. If it ends January below that, it’s in danger of falling into the xxxx  xxxxx range (in subscriber version).

HUI – HUI remains locked in a range with no sign of an imminent breakout. A 13 week cycle up phase is flat and is ideally due to last xxxx xx xxxxx (in subscriber version). There’s no sign that longer cycles will xxxx xx xxxxx (in subscriber version).  A 10-12 month cycle high is ideally due between xxxx xx xxxxx.  If there’s no upside breakout before that, the rest of the year would set up xxxx xx xxxxx.  On the long term weekly chart HUI has broken its 6 month cycle MA. Here’s what that implies for the outlook (in subscriber version)..

On the ultra long term monthly chart, HUI remains entrenched in a 16 month downtrend. Ultra long term momentum remains precariously neutral. With HUI ending December below xxxx (in subscriber version) the target is xxxx–xxxx in the first quarter of 2022. It faces major resistance in the xxxx range. It would need to break that to end the downtrend.

Chart Picks – The numbers surged over the past week but 6 month cycles remained deeply negative. That needs to show much more improvement for us to have confidence that there will be an extended rally. But this is a start. So I’m continuing to nibble.

I’ve tweaked the method to use screens from each day of the past week instead of just the last day of the weekly period. Charts that show up more than once, with buy signals yesterday are preferred. From that list I pick those with structures I like. This week I’m adding one to the list as shown below.  I’m staying with the existing picks, and allowing breathing room with no, or very loose stops. Currently open picks show an average gain of 9.4% on an average holding period of 3 weeks.

Picks closed out over in November-December had an average gain of 10% on an average holding period of  46 calendar days.

See table and charts (subscriber version).

Subscribers, click here to download the report.

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you.

Subscription Plans

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

Subscribers, click here to download the report.

Gold Boring trading ranges are often long term bullish. But this is gold. Cycles remain mixed with still no sign of an imminent breakout from the trading range. Short term, the most likely direction is xxxx xx xxxxx (in subscriber version).

On the very long term monthly chart, gold nears the end of December at a critical trend area around 1790. If it ends January below that, it’s in danger of falling into the xxxx  xxxxx (in subscriber version).

HUI – HUI remains locked in a range with no sign of an imminent breakout. A 13 week cycle up phase is flat and is ideally due to last xxxx xx xxxxx (in subscriber version). There’s no sign that longer cycles will xxxx xx xxxxx (in subscriber version).  A 10-12 month cycle high is ideally due between xxxx xx xxxxx.  If there’s no upside breakout before that, the rest of the year would set up xxxx xx xxxxx.  On the long term weekly chart HUI is holding precariously at the 6 month cycle MA. xxxx xx xxxxx are the parameters to watch this week for signs of big trouble.

On the ultra long term monthly chart HUI remains entrenched in a 16 month downtrend. Ultra long term momentum remains precariously neutral. If HUI ends December below xxxx (in subscriber version) the target could be xxxx–xxxx in the first quarter of 2022. Even if above xxxx, it would still face major resistance in the xxxx range. It would need to break that to end the downtrend.

Chart Picks – Two weeks ago, we added 3 picks to the list, and they’ve done ok as shown in the table below.

Today, there were 4 buys and 31 sells from the swing trade screens of 52 gold mining stocks from Monday’s action. The rest had no signal. The big edge to the sell side isn’t a good sign. Even the 4 charts with buy signals weren’t inspiring. So I added no new picks.

Because of the weakness in the screening data and the fact that most stocks remain in longer term downtrends. I’ve added tight stops to the existing picks.

Picks closed out over in November-December had an average gain of 10% on an average holding period of  46 calendar days.

See table and charts (subscriber version).

Subscribers, click here to download the report.

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you.

Subscription Plans

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

Subscribers, click here to download the report.

Gold shows all the signs of going nowhere fast. Cycles are juxtaposed and the price is locked in a tight range. The 13 week cycle is due for an upturn in the next xxxx (in subscriber version), which would be conducive to a run to at least xxxx, but it would need to clear xxxx to get a real bull move started.. A breakdown below xxxx would be a bearish sign as it would complete a head and shoulders top pattern with a measured move target of around xxxx.

On the very long term monthly chart, gold nears the end of December at a critical trend area around 1790. If it ends January below that, it’s in danger of falling into the xxxx (in subscriber version).

HUI – The 13 week cycle appears to have joined shorter cycles in an up phase. It’s ideally due to last 6-10 weeks but is due to remain flat. There’s no sign yet that longer cycles will turn xxxx (in subscriber version), .  On the long term weekly chart HUI is holding precariously at the 6 month cycle MA.

On the ultra long term monthly chart HUI remains entrenched in a 16 month downtrend. Ultra long term momentum remains precariously neutral. If HUI ends December below xxxx (in subscriber version). The target could be xxxx–xxxx in the first quarter of 2022. Even if above xxxx, it would still face major resistance in the xxxx range. It would need to break that to end the downtrend.

Chart Picks – There are 11 buys and 2 sells from the swing trade screens of 52 gold mining stocks from Tuesday’s action. The rest had no signal. I looked at the charts, and, in a change from recent weeks, there were 3 charts where I liked the setups. I’ll start tracking them as buys as of this morning’s open.

New Buys: xxxx, xxxx, xxxx, (in subscriber version).

There were no open picks over the last week as the last one had been stopped out. Picks closed out over the past month had an average gain of 10% on an average holding period of  46 calendar days.

See table and charts (subscriber version).

Subscribers, click here to download the report.

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you.

Subscription Plans

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