16
Aug

Current Thoughts 8/16/2017

Below is today’s analysis for the ETF Trading Service I run over at IllusionsofWealth.com  Today’s Trades and Current Positions (highlighted in yellow): We were on the right side of metals and miners today. Some of you were locking in some good profit. Others just waiting for lift off. I think we are finally close. At least JNUG is over 18 …

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11
Aug

Current Thoughts 8/11/2017

From the Trading Desk The headlines surrounding tensions between North Korea and the United States continue to increase in frequency and severity.  Up until this week, the back-and-forth intimidation’s from North Korean dictator Kim Jong-un and US President Trump occurred, in general, a few weeks apart.  Now they’re occurring multiple times a day.  Earlier in the week, North Korean officials declared …

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25
Jul

Current Thoughts 7/25/2017

So far the synopsis for metals is BULLISH after the Fed. Until then, anything can happen and probably will. USD/JPY already went over 112 just now. USLV has to break 12.38, JNUG 18.29, NUGT 32.04, UGLD 10.40. From there the charts look like runners for all. I want to be clear on the bullish trend being there, underlying all this …

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20
Jul

Current Thoughts 7/20/2017

From the Trading Desk The euro has been on a steady rise so far in 2017 and it reached yearly highs today on the heels of the European Central Bank press conference.  ECB President Mario Draghi said the bank saw signs of “unquestionable improvement” in European Union growth and intimated that plans are underway for policymakers to begin adjusting their …

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11
Jul

Current Thoughts 7/11/2017

We have been waiting patiently for the USD/JPY to break down and it finally did today. Breaking under 114 is the key number and confirmation of the gold bull is under 113. You’ll notice silver finally rebounded today too after taking a good beating. Tomorrow we have Yellen testifying. I’m not sure what she can say to keep the investors …

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5
Jul

Current Thoughts 7/5/2017

Gold and silver have been in a bottoming process of lat, only delayed by two things; a higher USD/JPY and a thin trading day Monday followed by the holiday and overnight low. But today after there FOMC minutes, we finally had a move in metals and mining stocks alike. The only laggard is silver. I think silver though will lead …

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