Introduction - Bulls are setting up for a double bottom with a "V" reversal. This means the median will hold. This means 2500-ish on or before 05/23. This does not mean a straight line there though, because medium term 2-way vol is set to stay high all the way to June. Details - See previous drafts for how we got here. Warning - If you are new to this...
Introduction - So since the move to 2311-2314, I have to "play it by ear" because price is moving faster than my ability to map "an intermediate thesis" that is in sync with price action from here to August. In order to stay relevant and ahead of price action, let's talk less and do better. Details - Continuing from DRAFT 9-3, price chose yellow route to 2291...
Introduction - As anticipated overnight, bulls didn't put enough fight in at 2365 and ferocious bears took out the 43-year trend line. While it's not even obvious they are finished yet - because Binary Forecasting Service's trend engine still see 2323-27 as possible Monday targets before rebounding - I have strong conviction that gold is getting ready to nowhere...
Introduction - Bulls are holding 43-year trend line at 2360s while NASDAQ bears formed a soft ceiling at 2400 that should hold past through May 1st FOMC. The result has gold range bound, predominantly between 2367-2392 for the incoming nine trading days, after which gold should head for 2444 and higher. Details - Follow up to 9-1 DRAFT's failure to break out...
Introduction - London, of all places, vigorously defended 2373 and destroyed scheming bears' setup for 2285 this morning. Is this a sign that miracles do happen? No, it simply means 2444 is next. This also means a slow side-ways-to-up to 25xx in mid-May before MAJOR CORRECTION ahead of 6/12 FOMC. As always, we trade one day at a time and will cross that bridge...
Introduction - Didn't your mother ever tell you not to play with your food? Bulls with upper hand near 2400s once again trapped by hubris. Believing themselves invincible post Powell speech allowing bears to hang around with the door to 2275 still wide open. Will they regret this indecisive decision? Only time and Binary Forecasting Service's trend engine will...
Intro - This should be the next step on our way to 4800. 5500 is now unlikely considering what Friday's top means going forward. Details - Will break it down as we go. But be aware, I am not going to as helpful as I usually am.
Introduction - This is continuation of a series that intends to deliver you 5500 in November 2025. I did say I would not make another public post because of what I felt was bad policy. That should not, however, punish the entire field of TradingView users from the benefits of the incoming rally to 2450, 2500, and ultimately 2675+ before 05/01 FOMC. From Here On...
Introduction - After proof checking DRAFT 7-5 for all weak spots, this updated and detailed draft is the base case guide going into today's open in six and a half hours. Details - All background information, data, concepts, suggestions, and etc... can be found in previous DRAFT 7-5. This post is for continuous updates/notes/commentary on live price action from...
Introduction - With both pride and humility but pure anticipation, I present you my life's work summarized in one day's price action. DRAFT 7-5 is the latest of a series that attempts to accurately map gold's heroic route to 5500 (due November 2025) with respect to both price and time. Since nailing the 1810 low in October 2023, this proprietary "fractal...
Introduction -I've been looking for this move 4 weeks now. I think it's now, RIGHT NOW! Details - My daily notes bat pretty well but I've been very frustrated not hitting one "giant but quick super rally" for last four weeks. These things have a "very specific look" that I call "reverse one step water fall". Will explain later. So when they show up in major...
EXK is a junior miner. With fixed expenses in its mining operations for the most part, margins rise dramatically when silver is rising and the opposite is likewise applicable. This is the crux of using junior miners as a means to profit from trending in precious metals. As a penny stock EXK has hieghtened volatility as compared with Barrock Gold or the GLD...
Introduction - This is a followup to DRAFT 7-2, which was shredded by bears of the UK this morning at 3 AM. Combined layered trends on all time frames say gold is about to correct this problem by going to 2400 before London re-opens in order to avoid shenanigans on the way up. Naturally, we expect one round of selling in Asian session at the 44-year trend line...
Introduction - Ceremoniously, with conviction in due diligence and much more anticipation, Binary Forecasting Service, presents 2300, 2350, and 2400 in succession before this week is out. Continuing from DRAFT 7-2 and price action in the last hour, bulls responded to bears's apparent "overselling to 2253" with a spike to 2277. In which ferocious bears jumped on...
Introduction - Once more, with conviction in due diligence and much, much anticipation, Binary Forecasting Service presents: 2350, 2440, and by extension 2520 all before 04/23/24. At publishing on Saturday March 30th, that is 12.85% range in 17 trading days but counts as 25% if the trend engine can nail the 150-pt "V" move (for an extra 300 pts) between 04-09...
EXK is a silver mining company with operations in USA Canada and Mexcio. On the daily chart, it has been in a falling wedge for more than six months. The earnings report was a 40% beat on earnings and 2% on revenue. Price broke above the wedge one week earlier. The price action has been supported by higher volumes. The Price Momentum Oscillator and Relative...
HL shown on the reliable daiy chart while spot silver is uptrending. demonstrates multiple bullish signs including a cross over the POC line of the volume profile and now the confluence of a 200-50-20 triple convergence coindident with a cross of the long anchored mean VWAP and a gaint ( "gib ass green") engulfing green price candle of 7% magnitude with...
Introduction - Looks like we are moving for 2300 and 2400 in a runaway top for 3/31 and 4/01. As of 5:28 PM ET on 03/25/24, every prerequisite is in place and Binary Forecasting Service's trend engine explicitly calls for this move to be the outright favorite. For the next 10 hours, if price stays under 2175, this makes this outcome even more likely as the trend...