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Precious Metals Breakout Rally or Reversal Time?

We have a good pulse on the major markets and can profit during times when most others can’t which is why you should join my Wealth Trading Newsletter for index, metals, and energy trade alerts.

I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these super cycles are going to last years. These super cycles starting to take place will go into 2020 and beyond which we lay out in our new PDF guide: 2020 Cycles – The Greatest Opportunity Of Your Lifetime

I am going to give away and ship out silver rounds to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:

1-Year Subscription Gets One 1oz Silver Round FREE
(Could be worth hundreds of dollars)

2-Year Subscription Gets TWO 1oz Silver Rounds FREE
(Could be worth a lot in the future)

SUBSCRIBE TO MY TRADE ALERTS AND 
GET YOUR FREE SILVER ROUNDS!
Free Shipping!

Chris Vermeulen
Founder of Technical Traders Ltd.

Fed May Trigger Wild Swing In Index and Metals

As our research team continues to pour over the charts and look for any signs of direction regarding tomorrow’s Fed news, we put together a couple the charts that may highlight some expectations and in at what the markets may do the rest of the week.

The expectations that the US Federal Reserve may maintain rates at current levels or potentially drop rates by a quarter percent leaves an open interpretation as to how the global markets will digest this news. Obviously, leaving rates unchanged would be the most benign action the Fed could take. Often though, the markets interpret this as a sign of weakness. Whereas a quarter percent decrease in the US fed rates would suggest that the Fed is preparing for future economic weakness in the US and potential global economy, yet investors may consider this as a very bullish reaction to the Fed.

Our belief is that the Fed will leave rates unchanged and possibly hint at adjusting rates lower later this year or early next year in preparation for the US presidential elections. The US economy is still moderately strong and the recent trade deal with Mexico as well as policy advancement in DC leads us to believe the Fed has no reason to adjust rates right now. Of course, a quarter percent decrease would allow the Fed to spur additional economic growth and potentially jump-start the waning housing market in the US.

This first chart of the YM, the Dow E-mini futures, highlights key price technical support and resistance that will likely come into play over the next 3 to 10 weeks. We ask you to pay special attention to the dual resistance levels above 26,500. These double resistance levels act as a double ceiling in regards to price advancement.  In other words, some type of strong price advance of 27,000 would have to take place in order for the price to move beyond these resistance areas.

Should the Fed surprised the market and the market interpreted this move as strongly bullish, there is a moderate chance that the YM could advance beyond 27,000 before the end of this week or early next week.  We believe the Fed news tomorrow will be interpreted as a protectionist stance and the market made move lower from current highs.  Any big rotation lower after the Fed announcement tomorrow could prompt a new downside trend to retest our pennant/flag formation base near 25,000. Either way, our automated technical analysis prediction software will keep or get on the right side of the market.

Additionally, after the Fed announcement tomorrow, it is very likely that the US dollar may, under some pricing pressure and that precious metals could rocket hire and continue their advance towards $1450.  Any market reaction to the downside in the US stock market and/or the US dollar would likely push precious metals well above recent highs.  It all depends on how the market reacts to the US Fed announcement tomorrow, June 19.

We believe we have positioned our gold trades appropriately for the Fed news tomorrow.  Either way, we believe gold, precious metals, and the miners will advance after the Fed news tomorrow.  A close above $1375 in gold will prompt a very quick rallied towards $1440.

We’ll continue to watch how the markets react to the Fed news tomorrow with the knowledge that precious metals and gold should advance either way as fear and greed drive the metals higher.  We’ll look for new trades near the end of next week after the Fed news shakes out the short term traders. There is nothing wrong with being on the right side of a profitable trade in precious metals and miners.

If you want to trade profitably with us and fellow traders from in 87 other countries be sure to join our Wealth Building Newsletters Today!

Chris Vermeulen
www.TheTechnicalTraders.com

King Dollar Rides Higher Creating Pressures On Foreign Economies

One of the biggest movers of the day on Friday was the US dollar.  The US stock market appeared very weak prior to the opening bell and precious metals, especially gold, appeared to be rocketing higher.  Almost right from the open, the markets washed out the fear and changed direction. The US dollar did the same thing.

This renewed strength in the US dollar continues to baffle foreign investors and foreign governments as they continue to try to support their economies and currencies against a stronger and more agile US economy and currency. Even as the US dollar strength is frustrating many investors, it is also attempting to keep a lid on traditional safe havens such as precious metals.

This further complicates many foreign nations because their gold reserves are not appreciating at the same rate that their currencies are devaluing. Couple that with capital outflows, consumer protectionism, waning economic outputs, and the need to protect local currencies to avoid populist panic, and King Dollar seems to be riding high.

A friend of ours and foreign currency trader suggested we read the article below today.

Does China have enough US dollars to survive the US trade war?

We’ve authored many articles about the US dollar over the past few months.  We believe the strength in the US dollar will continue and that a support level above $92 is likely to continue to support the price for some time. That being said, the current price rotation near $96.50 provides a recent low price rotation level that could turn into future support after recent highs near $98.40 are broken.

Many times you’ve probably read our comments about a “capital shift” and how this shifting capital across the planet will be driving future investment in the US and other foreign markets.  At this point in time, it’s almost like a dog chasing its tail.  The more support the US dollar receives, the more pressure there is for foreign markets to support their currencies and economies. The weaker foreign economies become and foreign currencies devalue, the more demand for US dollars increases to help offset local weakness. It starting to become a vicious cycle.

We believe the defined price channel between the two magenta colored lines will continue to dominate US dollar price activity until price breaks through either the upper or lower range of this price channel. The current support near $96.50, will likely turn into a new price floor once price breaks above $99.

There are a number of factors that could ease the upward pricing pressure in the US dollar.  First, increased economic output and activity in foreign markets illustrating economic growth and prosperity would likely ease the capital shift into the US stock market and US dollar. Once foreign markets begin to act as though real opportunity exists over an extended period of time, then the dominance of the US dollar may begin to weaken.

Additionally, suitable trade deals, such as we witnessed between the US and Mexico recently, will help to alleviate currency pricing pressures on foreign currencies. This strength in foreign currencies presents an opportunity for global investors to take advantage of pricing gains.

Stronger foreign currency valuations and economic output will help to ease the US dollar dominance eventually.  Until that happens, as traders we need to be aware of the pricing issues related to the capital shift that is taking place, the pricing pressures on precious metals, and the likelihood that foreign investors will continue to pile into US equities while King Dollar is dominating.

Pay very close attention to foreign market weakness and news of banking issues or government bailouts of foreign banks. Much like the US credit crisis in 2008/2009, bank failures and extended credit risk exposure can lead to waterfall events.  This would be our biggest fear for the global economy if foreign governments and banking institutions are not properly prepared for extended devaluation periods. If things really started to crumble overseas we could see gold and the dollar move up together, it has happened before in times of crisis.

We’ll keep you informed as we see things transpire. In the meantime, King Dollar rides high end of the sunset and foreign governments/nations will continue to attempt to support their economies and currencies. Eventually, the fear factor will push precious metals broadly higher.

We have a good pulse on the major markets and can profit during times when most others can’t which is why you should join my Wealth Trading Newsletter for index, metals, and energy trade alerts.

I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these super cycles are going to last years. These super cycles starting to take place will go into 2020 and beyond which we lay out in our new PDF guide: 2020 Cycles – The Greatest Opportunity Of Your Lifetime

Happy Fathers Day Guys!
Chris Vermeulen
Founder of Technical Traders Ltd.

Precious Metals: T-Minus 3 Seconds To Liftoff

We take great pride in our research team’s ability to make accurate predictions and calls in the markets.  In addition to the many predictions and calls we’ve made over the past few years, our Gold prediction from October 2018 continues to astound many industry professionals. We receive emails from people asking how we were able to make such an incredible call in Gold 6 to 8 months before these price moves?  We politely tell these people that our research team and our proprietary predictive modeling tools assist us in finding and making these incredible predictions.  The simple answer is it takes hard work, specialized tools and a lot of skill and research.

Please take a minute to review some of our research from January 2019 that highlighted this incredible prediction for Gold and the supporting, more recent, research posts suggesting Silver is the real sleeper trade.

January 28, 2019: MULTI YEAR BREAKOUT IN METALS

June 7, 2019: ADL PREDICTIVE MODELING SUGGESTS A BIG MOVE IN SILVER :

June 2, 2019: IS SILVER THE SLEEPER RALLY SETUP OF A LIFETIME?

Today, we are highlighting what we believe is the momentum impulse move in Gold that will become the catalyst for the future move in Gold & Silver throughout the rest of this year and likely all of 2020.  The key element to launch Gold and Silver beyond current resistance levels is bound by two factors and could be boosted by a third.  The first two factors are “fear and greed”.

Investors are continually searching for suitable investments with healthy returns and moderate risk.  As we have learned from the past, capital will flow into any investment, even instruments that include incredible long term risk factors, when the opportunity exists for gains and risk is mitigated.  The current upside price move in Gold is just such an event.

The recent news items add additional fuel to the Precious Metals rally because they foster increased fear related to the global economy and potential military action or increased uncertainty.  This fear translates into the action of “protect my investments that may be exposed to greater risk and find an investment that reduces this risk and provides for greater returns/gains”.  That is the question Gold investors are asking themselves all over the world right now.

The booster fuel, which would drive Gold and Silver into another galaxy is the US Dollar.  If the US Dollar were to weaken, even by 4% to 7%, while a global uncertainty event continued to unfold, we believe this valuation pressure would push Gold and Silver well above our current expectations.

When we think about the current environment for precious metals, one has to understand that fear and greed don’t have to be tangible or overwhelming.  This process is almost like a perpetual motion machine.  Once the process gets started where investors pile into Gold because of the fear and greed factors, the price of gold rises.  Because the price of gold rises, traders start to pay closer attention to what is happening in gold and the greed factor starts to increase.  Once they are convinced this is a bigger opportunity and their fear levels are still valid, the conclusion is “I don’t want to miss this move in Gold, so I’ll get it now – before the big move happens”.

It is as simple as that.  And this is why we are saying “T-Minus Three Seconds” before the big breakout move really takes shape.  That is our way of saying, it could happen any day now.  The breakout move and the momentum base appear to be ready to go.

This Gold daily chart highlights the recent upward price move and shows just how quickly price can rally.  This resulted in a $75 price rally (+6%) in a matter of 10+ days.  Imagine what that will look like after Gold breaks above $1650 on the fear/greed move.

This Gold Weekly chart highlights what we expect to be the first upside leg – the move to $1450.  After that, we expect a brief pause in the rally (possibly 7 to 21+ days), then another big move higher where the price will rally above $1650.  That bigger move should solidify the focus of global investors and, much like the big move in Bitcoin, should attract a large number of investors not wanting to miss the rest of the upside move.

Silver is what we are calling the “sleeper trade” for precious metals bugs.  Sure, Gold has all the action right now because it is the leading metal to offset this fear/greed factor.  Silver always lags behind gold because it is the “little brother” to the bigger players in gold.  As our research has shown, when the move begins, Silver is actually a better trade than Gold because it will likely increase in price by a factor of 1.4 to 1.8 compared to the rally in gold prices.

We believe the next move in Silver will target $18 to $20.  These price levels below $15 are a gift for anyone willing to take the trade.

This Monthly Silver chart shows what we believe will be the upside price waves as silver advances past $22.  Read the research posts, above, again to learn more about our more detailed expectations.  It is all right there for you to see and understand.

T-Minus Three And Counting.  We believe this setup is about to break to the upside and there is not much time left to see prices near these levels.  Below $1400 in gold and below $15 in silver are about to end.  When this really does begin to lift off as we’ve been predicting, we may never see these price levels again.  Well, at least in the foreseeable future.

CONCLUSION AND UNIQUE OPPORTUNITY

Its been an incredible year and a half for many reasons. We and our Subscribers portfolios are up over 91%. We called forecasted each and every move in gold 8 months before it all unfolded right down to the week for the low/bottom.

This May we said it was a sell in May set up and we profited from the rally leading into May and traded and inverse ETF to profit from the correction. We then profited from the safe haven money flow into the utility sector which rallied while the stock market fell. And to top it off we shorted the vix spike for a quick 25% gain during a time when everyone else was panicking.

So what does this all this mean? It means we have a good pulse on the major markets and can profit during times when most others can’t.

I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these super cycles are going to last years. These super cycles starting to take place will go into 2020 and beyond which we lay out in our new book/guide: 2020 Cycles – The Greatest Opportunity Of Your Lifetime

I am going to give away and ship out silver rounds to anyone who wants to trade and invest with me for the next 1-2 years through my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:

1-Year Subscription Gets One 1oz Silver Round FREE
(Could be worth hundreds of dollars)

2-Year Subscription Gets TWO 1oz Silver Rounds FREE
(Could be worth a lot in the future)

I only have 27 silver rounds I’m giving away
so upgrade or join now before its too late!

SUBSCRIBE TO MY TRADE ALERTS TO GET YOUR FREE SILVER!

Chris Vermeulen

THE NEXT WEEK WILL BE VERY IMPORTANT FOR US MARKETS WHICH IMPACT ALL THE OTHER MARKETS

Chris Vermeulen, Founder of The Technical Traders joins me for a look at the energy sector, metals, and US markets. He points out that the US markets, as well as the metals, are at very important levels. Over the next few trading days, a decision will need to be made by the US markets which Chris thinks could be lower.

Click here to visit The Technical Traders website and follow along with what Chris is trading.

In fact, there are several super cycles starting to take place as we head into 2020 and beyond which Brad Matheny and layout in our new book: 2020 Cycles – The Greatest Opportunity Of Your Lifetime

Second Half of 2019 – Expect The Unexpected

We believe the current price rotation is just the beginning of something much bigger.  Over the past 16+ months, we’ve been calling these tops and bottoms many months in advance.  In February/March 2018, we called the bottom and initiated a call that the US stock market would rally to establish new all-time highs.  Very few believed us at that time, but the markets did exactly what we predicted.  In September 2018, we called for the markets to experience weakness, pause after a quick downturn, then establish an “ultimate bottom” near November 2018 before rallying back to near all-time highs again.  At that time, everyone was betting the new market crash had taken over Wall Street and we were really the only ones suggesting the US stock market would rally back from the December 2018 lows.  Guess what happened?  The markets did exactly what we predicted and went on to hit new highs months later.

We’ve recently called the precious metals move perfectly with our originating research being done in October 2018.  We called the Oil downturn in 2018 as well as the rally starting near December 2018.  Now, we are going to share with you some incredible market insights and help you prepare for what will likely become the most frustrating next six months of trading for everyone.

Why is it going to be frustrating?  Because everyone has already made up their minds as to what they expect to happen in the markets and WHY.  We read a report today from an analyst that suggested he “moved into a defensive position and initiated positions in Inverse ETFs and Put Options”.  Probably a smart move if he timed it right.  What he’s going to do over the next 6 months will either make him a king or a pauper.

The fact is that the US stock market has initiated a very moderate downside price rotation recently and multiple levels of support must be breached before we could consider any of the recent downside pricing pressure as a “major trend reversal”.  We believe many of these analysts are hyperventilating with regards to this move and seeing what they want to see from it – THE BEAR MARKET.

At this time, we do not agree with this narrative.  Yes, the US stock market is under pricing pressure.  The US/China trade deal is far from completed and the new US/Mexico tariffs are sure to roil the markets. Europe has just completed EU elections and must continue to navigate the hard questions of future management and opportunity with a BREXIT hanging over everyone’s heads.  The Prime Minister of Malaysia is calling for a new “gold backed SE Asian currency” to help prevent the wild currency valuations as Malaysia saw in the mid-1990s.  The US Presidential election cycle is just 15 months away and it is sure to be a blood-bath in some ways.

Could it be the start of the bear market??  Maybe, but our research suggests otherwise.

Our research suggests there is still another chance that the US stock market could bottom after these recent lows find support and rally back to near all-time highs again.  Be cautious about how we stated this…  “could bottom after these recent lows find support and rally back to near all-time highs again” does not mean “rally beyond recent highs” or “another leg to the upside will take place”.  It means that we believe the current support will prompt a brief price rally back to “near all-time highs” before the end of August 2019.

This Weekly ES chart highlights the support levels we are watching and the peak zone near $2961.  We believe the current support levels will attempt to provide a floor for price above $2630 and will prompt an upside price channel that will likely see price climb higher from recent lows.

The bottom line here for the broad stock market is that we should see bounce over the next couple weeks, then we follow the market higher with a big rally or short a collapse in price.

This chart is a little noisy with analysis and our custom indicator lines but it shows key analysis levels. The same type of setup is also taking place in the NQ – although we believe the NQ may have a bit further downside price risk than the ES or YM at the moment. We believe the support levels near $6800  and $6400 will act as a price floor and attempt to drive price moderately higher over the next 25 to 45 days.  We believe the NQ will come under increased price pressure because of a capital rotation away from risk in Technology and future risk factors.

The YM is setting up very similar to the ES.  Very clear support and the current price level is still relatively bullish compared to the two most recent bigger downside price moves.  The idea that analysts could call this “The Big One” with little to know price confirmation is very confusing.  We believe support above $23,400 will likely hold and price will begin a moderate upside price move (within a channel/pennant formation) over the next 25 to 40+ days in the YM.

One very clear exception to this analysis would be a very clear price breakdown below the lowest support level while attempting to target the December 2018 lows.  Should this happen over the next 30 to 60 days without any sign of the support rotation and upward price channel we are expecting, then we would consider this analysis to have failed and we could be looking at a much bigger downside price move in the US stock markets.  At this point, we don’t believe this will happen UNLESS some massive US or foreign crisis event unfolds over the next 30 to 60+ days.

We believe a shift in the “Capital Shift” process we have been discussing for the past 2+ years is still taking place.  This is a “risk off” move prompted by a renewed FEAR level and currency price trends over the past 6+ months.

This currency chart clearly shows everyone is selling their currency and moving into what they believe is the safest currency which is the USD.

We believe Capital Shift process will go through a weakening process while fear drives investors out of high performing assets. This process will likely shift back towards searching for undervalued US equities as global investors seek new opportunities after these support levels prompt a base.  The hunt to find returns will eventually lead everyone back into the US stock market as there is too much turmoil in the global markets currently.

If you missed this move, sit back and wait for these support levels to settle and then look for new trade opportunities.  There will be lots of time to get into the BIG SHORT TRADE when it finally sets up and confirms.

BECOME A TECHNICAL TRADER TODAY AND 
TRADE WHAT MATTERS – PRICE ACTION! 
CLICK HERE

Chris Vermeulen
Technical Traders Ltd.

Is Silver The Sleeper Rally Setup Of A Lifetime?

Our research team believes Silver could be the Sleeper Rally setup of a lifetime for investors if the global economic cards continue to get scattered and crumpled over the next 10+ years.  The recent rally in Gold got a lot of attention last Friday (the end of May 2019).  We had been warning about this move for the past 8+ months and generated an incredible research post in early October 2018 that clearly highlighted our belief that Gold would peak above $1300 early in 2019, then stall and move toward $1270 near April/May 2019, then begin an incredible upside price rally in June/July/Aug 2019.  We couldn’t have been more clear about this prediction and we posted it publically in October 2018. See This Previous Gold Forecast Snapshot

Now, our research team is going to share with you some incredible insights into what may become the most incredible trade setup we’ve seen in the past 12+ years – the Sleeper Silver Setup.

Going all the way back to the early 1970s, when the Hunt Brothers ran most of the metals markets, we can see the incredible price rally in Silver from $1.28 per ounce to nearly $41.50 in late 1979.  This move setup with a very simple pattern – a high price breakout in 1973 that broke a sideways price channel and initiated a nearly 6+ year rally resulting in an incredible 3142% price increase from the lows.

Could it happen again?

Well, after this incredible price peak, the price of Silver languished and moved lower, eventually bottoming in 1991 near $3.50.  After that bottom setup, the price of Silver setup another sideways price channel and traded within this range until a 2004 High Price Breakout happened AGAIN.  It seemed inconsequential at the time – a rogue high price near $8.50.  Maybe that was it and maybe price would just rotate lower back to near the $4.00 range??

This High Price Breakout setup an incredible price rally that resulted in a continue price advance over the same 6+ year span of time.  This rally was not as big as the 1974 to 1979 price rally in percentage terms, but it was much bigger in terms of price valuation.  The 1979 price peak ended at $41.50 and resulted in a $40.25 price increase whereas the 2011 price peak resulted in a $46.32 price increase.

Will it happen again in our lifetime?

As incredible as it might seem, we believe Silver is setting up another High Price Breakout pattern that should conclude within the next 2 to 4 months with a price high near $22.50 to $24.00 (see our proprietary Fibonacci price modeling projections below).  After this peak is reached, hold on to your hat because we believe the upside price rally could mimic past rallies and attempt to immediately move the price of Silver to well above $85 per ounce.  Ultimately, we can only guess as to where the top of this move may end – but we can safely estimate it will likely top somewhere between $90 and $550. This, of course, will require some type of major bear market is other asset classes and possibly some global crisis but we believe it is very possible in due time.  Our predictive modeling systems will help us determine where the actual price peak will be as this unfolds over time.

And there you have it – one of the most incredible trade setups you’ll ever see in your lifetime.  Yes, it may happen twice in your life or more, but we believe this setup in Silver is just weeks or months from initiating the next upside price leg (the High Price Breakout) and we are alerting you now to be prepared.

UNIQUE PHYSICAL SILVER OPPORTUNITY:

We should start to see money flow into the safe-haven assets like the Utility sector, bonds, and most importantly precious metals. I anticipated this and our XLU utilities ETF taken with members was a quick 3.11% winner. Our VIX ETF trade also hit our 25% profit target within a few days of entry.

Now, I have a few silver rounds here at my desk I am going to give away and ship out to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:

1-Year Subscription Gets One 1oz Silver Round FREE
(Could be worth hundreds of dollars)

2-Year Subscription Gets TWO 1oz Silver Rounds FREE
(Could be worth a lot in the future)

I only have few silver rounds I’m giving away
so upgrade or join now before its too late!

SUBSCRIBE TO MY TRADE ALERTS AND GET YOUR FREE SILVER ROUNDS!

Chris Vermeulen

My Gold and Miners Rally & Prediction

We’ve been trying to alert all of our followers of the setup in precious metals for well over 6 months.  Here is our research post from February 6, 2019 (nearly 4 months ago) that highlights our prediction of an April 21~24 momentum base and our earlier calls predicting a move above $1300, then a stall and move lower towards the base in April, then the next leg higher.

We could not have been clearer in our analysis and we predicted the bottom and rally in gold in Oct, called the top and closed our GDXJ miners position near the in February, and called for gold to bottom this April/May over 7 months in advance.

 

SEE GOLD PREDICTION CHART FROM OCTOBER 2018
Predicted the rally, then the correction which brings us to today
See Blog Post

 

SEE GOLD CORRECTION FORECAST FEB 6th
Expecting pullback to $1275 level
Read these articles and see for yourself why our research and predictive modeling system are second to none.

BECOME A TECHNICAL TRADER TODAY AND
TRADE WHAT MATTERS – PRICE ACTION! 
CLICK HERE

 

P.S. If you wanna see our Proprietary Trading Tools – Click Here

Extended Gold Mega Base Could Prompt An Incredible Rally

Here we go again..  We’ve been nailing the Precious Metals moves for many months and we’ve heard from many of our followers and members about our research.  Some of you might remember our November 24, 2018 prediction that Gold would rally above $1300, then stall and set up a “Momentum Base pattern near April 21~24, 2019 .  We find it incredible that we can make a prediction about Gold nearly 6+ months ahead of the move using our proprietary predictive modeling tools and then sit back and wait for it to happen just as we predicted.

On March 28, 2019, we posted this research article regarding the “Final Buying Opportunity for Gold”.  Our researchers believe this current double-bottom setup is the last time you’ll see Gold prices below $1300 for quite some time in the future.  Again, we were warning our followers that the opportunity to position their gold trades was setting up and this low price setup may be the last time we see Gold near these lows.

Our current research suggests the bottoming is over and the new price leg should begin to prompt a Gold price rally over the next 5~7+ weeks targeting a level well above $1375 initially.

This Daily Gold chart highlights the price rotation and the Double-Bottom that has currently set up in Gold.  Our proprietary Fibonacci price modeling system is suggesting an upside price leg targeting at least $1330 (on this Daily chart) will become the initial upside price leg.  Remember, the Daily Fibonacci modeling system is predicting price moves over 10~30+ days.

 

This Weekly Gold chart is highlighting the same Fibonacci predictive price modeling system on long term data – weekly data.  You can see how we’ve highlighted the price rotation peaks and valleys as well as how the Fibonacci modeling system is predicting a broader upside price move with a target near $1425 or higher.

If you pay attention to the MAGENTA price rotations we’ve highlighted throughout the initial upside price move, you’ll see there are a total of FIVE (5) rotations within that first price leg.  A perfect 5 wave rotation upward.  Then, the following downside price move consisted of a THREE (3) wave downside price move – resulting in a DOUBLE-BOTTOM price formation.  Should this next wave, wave C, rally in equal form to Wave A, the upside price target for the move would be $1450.  We believe this next price advance will be bigger than Wave A and likely result in a price target range well above $1650.

 

As we’ve been saying for many months, get ready and here we go.  Once the protectionist moves into Cryptos have waned and traders realize the magnitude of this potential precious metals rally (as well as the fact that Cryptos will not provide the same level of protection as precious metals), the hunt for the shiny metals will be on.  It would be very wise to stay well ahead of this move and prepare for this upside leg now.

We have been trying to tell you about this move for over 6+ months.  We hope you’ve been paying attention and understand that even with a 4% to 8% price risk (or more) in your accumulation of Gold/Miners and precious metals positions, this trade is for the longer-term objective – not the short-term 8 to 12%.  This next upside price move could target the $2100 to $2400 level if it extends into a complex advancement wave.  That would mean Wave C could end well above $2100 and that Wave E could target the $5000 level or much higher.

We’ll keep you informed of this move, but you better start planning for this upside move before you miss this bottom. And just because we like to hear it – remember, we called this move back in November 2018 – over 6 months ago.

UNIQUE OPPORTUNITY: First, we typically see stocks sell-off and as the old saying goes, “Sell in May and Go Away!” which is what has been happening.

So what does this mean? It means we should start to see money flow into the safe-haven assets like the Utility sector, bonds, and most importantly precious metals. I anticipated this and our XLU utilities ETF taken with members has already hit our first profit target, and our VIX ETF trade also hit out 15% profit target and we the balance of it is still up 25% as of yesterday.

Second, my birthday was this month, and I think its time I open the doors for a once a year opportunity for everyone to get a gift that could have some considerable value in the future.

For May I am going to give away and ship out silver rounds to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:

1-Year Subscription Gets One 1oz Silver Round FREE
(Could be worth hundreds of dollars)

2-Year Subscription Gets TWO 1oz Silver Rounds FREE
(Could be worth a lot in the future)

I only have few silver rounds I’m giving away
so upgrade or join now before its too late!

SUBSCRIBE TO MY TRADE ALERTS AND GET YOUR FREE SILVER ROUNDS!

Chris Vermeulen

A Bullish Trade In Commodities

Chris Vermeulen, Founder of The Technical Traders joins me to focus on a couple of commodities sectors. We start off with oil and a level that Chris is watching closely to buy. Then we look at the precious metals.

3 DAYS LEFT TO GET YOUR FREE SILVER ROUNDS WITH SUBSCRIPTION!

We continue to see money flow into the safe-haven assets like the Utility sector, bonds, and most importantly precious metals. I anticipated this and our XLU utilities ETF taken with members for 4.4% already, and our VIX ETF trade we closed for a 25% last week.

For May I am going to give away and ship out silver rounds to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:

SUBSCRIBE TO MY TRADE ALERTS AND GET FREE SILVER ROUNDS!

Chris Vermeulen