Gary Savage https://goldbroker.com/author/gary-savage Silver maybe more than anything is a time bomb waiting to explode. You rarely get a prettier (and longer) basing phase than this one. This is the kind of base that can generate a monstrous move once the breakout occurs. It’s my opinion silver is finally ready to push through the 200 week moving average, hold above it, and turn it up for years to come. During the next 5-10 years I think silver not only recovers the all-time highs at $50 but breaks out above it and goes far beyond $50. If it has one more correction before breaking through the 200. That will be the final buying opportunity. Mon, 22 Jul 2019 17:16:02 +0000 https://goldbroker.com/news/silver-time-bomb-waiting-to-explode-1594 There are two schools of thought right now, and both sides are firmly convinced they are correct. The bullish case: Gold started a new cyclical bull market in late 2015. The bearish case: The bounce out of the 2015 bottom was just a counter trend bear market rally, and at best gold is stuck in a long sideways channel similar to the 1980-2001 period. While I have to admit there is a lot of compelling evidence to support the bearish scenario I’m not convinced that is correct. I’ve noted before that gold tends to move in a distinct ABCD pattern. The A-wave is an aggressive rally out of a major corrective bottom. The B-wave is some form of correction that clears the bullish sentiment produced during the explosive A-wave advance. (B-waves can be rather complex and exhausting). The C-wave is where the gains are made. Then finally the D-wave decline as the C-wave tops and a major correction begins. I’ve shown an example in the next chart of this 4-wave pattern. As... Mon, 01 Oct 2018 17:27:12 +0000 https://goldbroker.com/news/gold-new-bull-or-same-old-bear-1401 Gold needs about $10 more to tag the triangle trend line (but certainly not a guarantee, bears could get caught in a short squeeze if gold fails to make it all the way to the trend line). That should also push sentiment to full bearish extremes. Usually triangles break on the flat side. Wed, 27 Jun 2018 16:14:14 +0000 https://goldbroker.com/news/gold-completing-the-triangle-1344 Wed, 28 Feb 2018 22:35:23 +0000 https://goldbroker.com/news/gold-the-basing-pattern-continues-1270 Mon, 18 Dec 2017 16:04:13 +0000 https://goldbroker.com/news/gold-close-enough-1246 Original source: SMT blog - Smart Money Tracker Premium Sun, 06 Aug 2017 17:05:46 +0000 https://goldbroker.com/news/fed-rate-financial-bubbles-and-gold-price-1165 I think we need to focus on what is happening to the dollar. The intermediate cycle is now 63 weeks long. Clearly that isn’t normal. I’ve maintained for several years that the end game was going to play out in the currency markets. There has to be consequences to printing trillions and trillions of currency units, and leaving interest rates at 0 for 8 years. I don’t think the consequences are going to be deflation. I think the end game will be inflation, just like it was in the 70’s, and just like it was in 2007 and 2008. It’s taken a while to manifest as other countries have jumped into the game and turned on their printing presses as well, so the collapse in the currency I’ve been looking for has taken quite a while to unfold. The first leg down ended in 2008. The dollar rally out of the 2014 3 YCL has fooled everyone into thinking the dollar is strong and the euro is going to collapse. So everyone is now on the wrong side of the market. That’s pretty much how every... Sun, 23 Jul 2017 14:24:20 +0000 https://goldbroker.com/news/last-chance-for-the-dollar-to-rally-1160 It appears the US Dollar has bottomed following an intermediate degree correction. This suggests that the dollar will rally for 6-8 weeks while gold heads lower. Gold has decisively broken down through its 200 dma. Traders are in a bull market mentality and will try to buy gold’s dips until sentiment becomes bearish. Expect gold to continue lower over the next 4-8 weeks. Original source: SMT blog - Smart Money Tracker Premium Mon, 03 Jul 2017 15:17:19 +0000 https://goldbroker.com/news/gold-icl-confirmed-1147 Original source: SMT blog - Smart Money Tracker Premium Mon, 03 Jul 2017 14:59:31 +0000 https://goldbroker.com/news/gold-trend-line-broken-1144 Gold’s intermediate cycle low is still 6 to 8 weeks away. Trader sentiment, technical conditions and price targets for both gold and miners are discussed. Original source: SMT blog - Smart Money Tracker Premium Fri, 23 Jun 2017 15:40:42 +0000 https://goldbroker.com/news/precious-metals-are-in-an-intermediate-decline-1141 In this video, Gary looks at a couple of markets before the FOMC meeting : energy stocks, dollar, oil and gold. According to him, it’s time for oil to rally a bit and for gold to move down into an intermediate cycle low. Original source: SMT blog - Smart Money Tracker Premium Tue, 13 Jun 2017 23:09:17 +0000 https://goldbroker.com/news/time-for-the-gold-to-oil-ratio-to-normalize-1140 The banksters, by manipulating the price of gold and artificially creating a bear market, have created what will likely turn out to be one of the greatest opportunities ever seen. I’ve maintained all along this was their goal. To create the most destructive bear market in history, which would then generate the largest bull market the world has ever seen. Folks, you might as well take advantage of this opportunity. The banksters aren’t the only ones that deserve to get rich. They have destroyed millions of peoples lives as the authorities stood by and watched them run the precious metals markets, and especially the mining sector, down to absurd levels over the last few years. Now they have switched sides and the attacks have stopped. It’s time for price to swing in the other direction. And it’s going to swing so far in the other direction, that I have no doubt before it is over this will be the largest bull market the world will ever see. In 2008, as the housing bubble... Thu, 07 Jul 2016 15:27:52 +0000 https://goldbroker.com/news/manipulation-gold-market-has-created-rarest-of-opportunities-980