Is the Gold Correction Done?

Is the Gold Correction Done?

Gold had a great run but has fallen 130.00 off its high and while it should start a retracement shortly,
it may end up being just a weak B wave bounce and then another push

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Whippy Stocks Post CPI

Whippy Stocks Post CPI

The inflationary CPI has yielded an odd response for the stock market with very whippy action.  Cycles remain whippy into Wednesday and possibly early Thursday and while the market is trying to complete a retracement low


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SET UP BUY FOR METALS NEXT WEEK

Metals tend to pull back into the end of the month on fund position squaring and profit-taking. Gold is too overbought to chase but cycle highs dominate into the first week of March and pullbacks may be minor.  Gold could …


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Will Metals Continue their Ride?

Will Metals Continue their Ride?
 

Longer-term metals cycles are friendly into March 2023 and we are still waiting for gold to close over 1820 and silver to take out 2240 to confirm higher numbers.

Cycles suggest that we will …


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Complex Market Completions by Sept 30/Oct 2nd

Complex Market Completions by Sept 30/Oct 2nd

 

The dollar has been soaring and has a cycle high into Friday and the thought is that the World Central Banks will intervene to halt the dollar and prevent the British Pound


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Crude drags grains lower

FOR WEDNESDAY: (11/14) Grains failed as crude collapsed over 4.00 and dragged corn and beans lower. We are not seeing wildly bearish action for grains on Wednesday but if we get failed secondary highs, we may feel better about shorts …


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Grain cycles point higher Thursday/Friday

FOR THURSDAY: (11/8) Trade can often congest in sickly ranges before USDA on Thursday, and that makes for boring trade. If you want to gamble on higher prices on Thursday, you can nibble at long corn and beans on Wednesday …


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Cycle low for grains into WASDE

FOR MONDAY: (10/8) There are more cycle lows than highs this week, and we do have Thursday’s USDA report, which looks like it will come in as a cycle low. Markets are probably sales Sunday/Monday because key numbers are in …


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Stocks still look higher into next week

FOR MONDAY: (6/4) Political and economic stresses make it hard to take positions home. We wonder when Deutsche Bank will bite the dust and really destroy Europe. In the meantime, stocks still look higher into next week so the short-term …


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