Is the Gold Correction Done?

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

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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 and it is chopping everyone up.  We do have a number of entry dates and prices and we still do see 4300-4328 on S & P cash coming into early March. Stay on top of our top sector picks with the Fortucast ETF timer and keep up with the wild action with the Fortucast Financial Timer.

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

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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 surge to 2100 and has made new highs in Gold/Yen and Gold/Euro already.    We are watching GLD and GDX on the ETF timer.

March silver futures are not likely to take out 2250 and buying SLV on dips early next week should be good as that market is less overbought than gold  Platinum is also looking good into early March but technically is looking a bit more troubling.  Should find support at 970 next week.  Watching PPLT for the ETF    Copper continues to have great fundamentals due to China and is projecting 490 into early March.   There are cycle lows for copper into mid-Feb. and we will be patient with it and watch CPER for the ETF.   Long-term cycles for metals are great into Sept and into March 2024 and with the death knell of the dollar coming with the end of the Petrodollar and the Saudis turning on the US and moving toward China, there are big changes coming.  Stay on top of new entries for metals with the Fortucast Financials Timer or the Fortucast ETF timer.  A one-month trial is only 97.00.

For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

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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 get a confirmed bottom and then a secondary low into December which will be a better entry and if the FED is not as generous as many are hoping for, gold and silver may retrace recent gains.

-Barry

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For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.

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A run, for him, mirrors the creative process. “You experience all these constant insecurities and failures,” he says. “Love it at one point, and you could also hate it and want to throw.

A run, for him, mirrors the creative process. “You experience all these constant insecurities and failures,” he says. “Love it at one point, and you could also hate it and want to throw.

A run, for him, mirrors the creative process. “You experience all these constant insecurities and failures,” he says. “Love it at one point, and you could also hate it and want to throw.

A run, for him, mirrors the creative process. “You experience all these constant insecurities and failures,” he says. “Love it at one point, and you could also hate it and want to throw.

A run, for him, mirrors the creative process. “You experience all these constant insecurities and failures,” he says. “Love it at one point, and you could also hate it and want to throw.