Technical outlooks for precious metals, oil, USD and US equities
Avi is back to share his outlook on a number of different markets. We start out with what he calls messy charts for gold (GLD) and silver. Avi takes a closer look and shares targets on the GDX chart. We then switch to oil and the US equity markets finally wrapping up with the US dollar.
You can click here to visit Avi’s site including further technical commentary.
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I know Hillary is the status quo, but 30% crash is ridiculous (if you are thinking about the S&P). Trump carries uncertainty, but also a promise to lower corporate taxes a lot, which would boom the stock market in the U.S.
A 30% is ridiculous. Me, I’m thinking 50%, over 1 yr.
Always wonderful insights, Avi! Even though there is a lot of sloppy technicals and uncertainty right now.
I was following your Seeking Alpha commentary you released about your GDX 25.95 level, and I’d be darned if the price didn’t turn tail and drop right at that level this week. Great call!
Cory,
Thank you for bringing Avi again: valuable perspectives, as always.
You may ask him to become a weekly guest, if he doesn’t mind. 😉
Best,
LPG
Jesus Christ another wishy washy forecaster.
IF A doesn’t happen then B may and if B doesn’t C might……. give me a break, you might as well flip a coin or ask my grandmother for advice.
What a crock.. Might as well bring Bo back on.
Avi sits on the fence but blasts Savage when he made his call…. Avi always has two scenarios for counts in wave theory ..goes with the one that is working…..
What many of you still don’t understand is my “fence sitting” is about the smaller degree move, whereas the larger degree pattern has been the same for quite some time. THAT is what you still are not seeing.
Moreover, as it relates to Savage, the guy is reckless . .. that is with what I take issue. He bought a 3X miner ETF to HOLD . . . when anyone who is responsible or professional knows it is a trading vehicle and not a buy-and-hold vehicle. And, even if he was right about his call, it still would be considered reckless. And, that is why he has more people posting on the internet about him blowing up their account than any other analyst I have seen. Sorry, but that is what reckless does to people that follow them, and that is what I warn people about.
Yes. I was Savage subscriber. He had made a 3x junior miners call that really hurt my account badly. It was a hold call through thick and thin from the beginning, then it dipped a large percentage, he kept the hold on, it went down a bunch more, then he abandoned the call by suspending his model portfolio and leaving the subscriber to decide what to do down over 50%.
A $2000 investment with Gary that is now worth over $30,000 in a year with the starting capital off the table after the first couple months, what Gary misses he MORE than makes up for on the correct calls. Best REALTIME cycles analyst in the business imo. (One who actually has the guts to MAKE a call)
THAT is 2000% a lie. Not sure you actually see all those currently posting about how he has blown up their accounts this year – just like all those others have done year after year before this year. But, you are entitled to your own propaganda . . it would just be nice if people were truthful. Too many have been hurt too much. Some even posting about losing their house. My heart goes out to these people.
Uh sorry you just outright accuse someone whom you know nothing about a liar? If I cared enough I would send you my act statement reflecting Garys quest portfolio which is precisely how I stated it above. Considering your legal experience you ought to be careful about opening yourself up to libel with comments like those.
A defense to libel is FACT. And, the FACT is that people who Gary has blown up is ALL OVER the internet. In fact, more so than any analyst I have ever seen.
Anyone who tells people to “buy and hold” a 3X ETF is nothing more than reckless and clueless and the evidence of all those that have blown up due to that recklessness is all over the internet. Anyone who knows anything about trading/investing knows it is a trading vehicle and not an investing vehicle. If anyone has opened themselves to suit, I can assure you it is not me.
He is dangerous and sadly, his subscribers are novices who really do not know better. Again, my heart goes out to these people.
I should add that if people are losing their houses they should be nowhere near a trading account and most likely have zero understanding about leverage nor the ability to stomach holding through dcl s / icls . But as you know most people will always sell low buy high.
Yes, most do sell low and buy high . . like when Gary bought the 3X ETF at the high in Sept and sold it at the low in October when he closed his entire miner portfolio at the lows right before we began to rally. RIGHT!?!?!?!?!?
AVI, what world are you living in? This is a bull market in pms in case you STILL haven’t noticed! If someone had purchased nugt a 3x etf when Gary said to in Jan and has even held it through the latest icl they STILL would be up massively on the year!
In fact, even if someone purchased in Sept, they will STILL come out on top if they hold their positions.
Heck I could have bought nugt AFTER if rallied 500%, held it from feb to now and STILLL be up 50% on the year! So please, try to work on your “facts” a little better in the future mate
I agree it was and still is a train wreck needing to be vindicated and rectified
For the misled poor at heart followers.
Avi, when Mr. T gets elected and we get a 30% CRASH, which way will gold and silver go and which way will miners go?