Goldtent TA Paradise

Buckle up as it sure looks to me that Crude Oil is getting ready to break out…

https://surfcity.co/2017/10/26/crude-oil-bull-market-returning/

Time for Caution in Gold Miners

He’s had his coffee this morning and has started his day…

https://surfcity.co/2017/10/19/surfs-up-28/

Marijuana stock cycle update.  It’s a “smoking” post… 😉

https://surfcity.co/2017/10/18/marijuana-intermediate-cycle-update/

How about another US$ post?

US Dollar Outlook and What it Means for Gold

Precious Metals Monthly Charts

Gold is back in its massive, multi-year bottoming pattern…

The Road Ahead for Gold

Precious Metals Bull Analogs Update

Was anyone expecting Gold and PM’s to move lower this week into what should be a short term Trading or Daily Cycle Low (TCL / DCL)?

https://surfcity.co/2017/09/09/gold-and-pm-relative-performance/

Gold Breakout & Upside Targets

Over the past 3-4 months gold stocks have gone from lagging Gold to matching it to now slightly leading. We’ll see if that sustains after Labor Day.

Gold Stocks Quietly Leading Gold

No Contest so far this year but that may change in the Fall…

https://surfcity.co/2017/08/24/gold-versus-bitcoin-btc/

BitCoin and GBTC appear to have found a Trading or Daily Cycle top yesterday on day 20. Note how the Blue Fork in the attached link turned Price back down. Picture perfect.

https://surfcity.co/2017/08/15/bitcoin-gbtc-update-5/

Precious Metals Nearing Breakout

BitCoin broke out to the upside of a small Pendant Flag late last week and moved into a new ATH at $3,451 today but I have it on day 15 of its current Trading Cycle.

I show this as a new Intermediate Cycle so I am expecting both BitCoin and GBTC to go higher in the next Daily or Trading Cycle but I think we are close to a short term top based on the Time and Price action I am seeing today. Time will Tell. 😉

In Elliott Wave terms, I see this current move as the start of Wave 5 with the July low as Wave 4. The early June High sure looks like a Wave 3 up.

Here are a couple of posts from this weekend.

https://surfcity.co/2017/08/05/bitco…-cycle-update/

https://www.ddddrffjj.com/analysis/b…eware-the-gap/

What a US$ Rebound Means for Gold

Much more than just Cycles taking place over at Surf City…  😉

https://surfcity.co/2017/07/27/silver-miners-stage-analysis/

The CoT’s definitely support a bounce in the sector but I’m not seeing extremes across the board within the context of a downtrend. The weeks ahead will be very interesting to see if bulls can build on this opportunity. We now have very important support in the low $1200s with resistance at $1240-$1260 and very strong resistance above that.

A look at Gold and Silver Sentiment

Gold Awaits Fundamental Shift

Pulling back here after a breakout move that I spotted back on July 29th.

I took profits on my position near the top of my Blue Fork.

https://surfcity.co/2017/07/06/wheat-weat-soft-commodity-update/

Stanley Furniture (STLY) is breaking out today (up 12% so far on no news). I added to my starter position today at 1.26

https://surfcity.co/2017/07/06/stly-breakout/

Gold is Weak in Real Terms

Gold & Gold Stocks Nearing a Big Move

Gold Breakout? Not Yet.

Gold Miners Weak but not Oversold

A couple of members asked me ~ does the Uranium market have Cycles?

Yes, it appears that Uranium has a 5-6 month Intermediate Cycle like everything else. My first chart is a 2 year on URA and the blue arrows show what look like Intermediate Cycle Lows to me.

My link below is on NextGen (NXE) which appears to have completed its backtest and is breaking out this morning.

https://surfcity.co/2017/05/22/nxe-chart/

Gold Somewhat Ignores Dollar Weakness

While I am somewhat bearish on Crude longer term, I think it is very possible that WTIC found a 5-6 Month Intermediate Low back on May 5th.

Here is a recent post on my WTIC Crude cycle analysis. I am long UCO here from May 11th.

https://surfcity.co/2017/05/19/wtic-uco-update/

Looks like the parabola may have cracked last week. If so, when will BitCoin find its next major Cycle Low?

https://surfcity.co/2017/05/13/bitcoin-cycles/