Silver gave a buy signal this morning and the least bullish pattern would allow 2450 and then a pullback to 2250.  We do expect it to move to 2600 and higher and SLV will move with it.  We have a long-term cycle high into early November.  Platinum gave the earliest confirmation of a low and we like to trade PPLT, the ETF.   Gold is lagging and waiting on Dec. futures to take out 1943.  We suspect we will get a chance to buy GLD at 171 if we are patient.

We still like XLE and XOP and USO but we may have a few more days for crude to get to max. 7500 and pull those markets lower. They also have the more bullish potential for mid-September and probably early October when seasonal strength happens.

Also, keep an eye on Bitcoin and GBTC as it is oversold and will at least bounce into mid-September.

Stay on top of the stock market and our ETF picks with  daily analysis with the Fortucast Financial Timer or Fortucast ETF timer.  One-month trials start at 97.00. 

-Barry 
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