Weekend August 4 2019
Still recovering from hand surgery so very difficult to type.
Stocks topped this past week. Now looking for sell off similar to the last three since Feb 2018. That should bring a good entry in late August to mid Sept.
Gold probably topped around 1460, support at 13 60 - 1380.
Silver may be finally making a final low as we have higher lows and higher highs. Again let's judge the pullback the next 45 days. This is particularly important as silver is just now breaking out.
Crude oil has dropped below all four MAs with XES service ETF making a new low for the last ten years.
The news says natural gas may take years to recover. This is similar to headlines in 2016 at $1.90 which declared nat gas would have to go to zero or free to ever work off the supply. Indeed the way gas is being flared it is free, there is just not enough ways to get it to market. At 2..12 we are probably within 25 cents of a bottom. Social mood is just too uniformly negativee.
So for now be patient waiting for late August to mid Sept. That should b be a great opportunity.
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