Current Touts

The 49.835 target I'd billboarded here caught a nasty top within millimeters, allowing subscribers to get defensive just ahead of a $3.26 downdraft. Now, use the pattern shown to keep in step. It signaled no fewer than three trades on Friday: short at the green line; long on the reversal from the red line (p=46.988), and 'mechanically' short again at x=47.804. That last trade has yet to touch 46.966, where half the short could be covered, and there is no assurance the position will be a winner. Indeed, if bulls seize the advantage as the week begins, they will likely negate the pattern with a very bullish push above C=48.620.  Thereafter, use this pattern, with midpoint resistance at 48.828 and a 'D' target at 50.955.  Don't pass up an opportunity to buy 'mechanically' if the futures pull back to x after a run-up to our sweet spot.

GDXJ's ballistic rally died midway between two middling targets at 104.25 and 106.84, respectively. A more important one lies at 111.59, and we are using it as a bull-market objective with the potential to stop buyers in their tracks. More immediately, you can play for a run-up to the 107.96 target shown in the inset.  The pattern has yet to develop, since a 'buy' signal at the green line gave way to weakness on Friday that nearly stopped out the trade.  We'll give bulls the benefit of the doubt for the moment nevertheless, implying p=103.21 can be used as a minimum upside objective when shares start to trade on Monday. If they fall on their face at the starting bell, slide 'C' down to the new low to create a fresh, usable pattern, even if it is beneath the current 'C' at 95.71 (10/2). _______ UPDATE (Oct 17, 1:26 a.m. EDT): Like gold futures, GDXJ topped today close enough to a compelling Hidden Pivot target that it actually might be a decent short, assuming you've stuck with my 'insane' targets most of the way up and made some money . You can test this with a 1.70 trigger interval, but if the trade sevens out, raise your sights to a minimum of 118.08, since that's where this monster will be headed. You can also get long 'mechanically' with a 103.35 bid, stop 98.43.  Good through Tuesday.

T-Bonds got a strong lift from Friday's panicky sell-off on Wall Street. TLT became a good bet to reach p=91.24, at least, but a decisive move through this Hidden Pivot, especially on first contact, would imply more upside to p2=92.63, and thence to as high as D=94.02 over the near term. Although the pattern is a conventional one with a 'C' low above 'A', it is sufficiently compelling to lend authority to the bullish case. Assuming D is achieved, look for stocks to continue lower, with hard selling in the institutionally driven lunatic sector (a.k.a. the 'Magnificent Seven') and in Bitcoin.

MSFT is in a messy, timid bull cycle that points to 547.12, about 6% above.  I am tracking a long position from 506.06, since I'd suggested buying there 'mechanically' ahead of the pullback. (A separate long position from 493 that was initiated on my say-so is being tracked at GoldenMeadow.eu )  Further progress to 547.12 is hardly a done deal, as the stock has yet to decisively penetrate the midpoint resistance at 519.75. But bears look too tired to resist MSFT's inexorable upward drift, and so a move to the target must be regarded as likely. We may know more as the new week begins, since the E-Mini S&Ps ended the week with a moderate selloff from within a split hair of a rally target I'd drum-rolled at 6803.

Although Bitcoin flounces around like the ritalin-dosed kleine kinder who trade it, there are no instances we can recall when its hyperactive movement fooled or confused us.  It is headed unavoidably to a record 132,743 at the moment, and do with that information what you may. The rally's decisive penetration of midpoint resistance at 119,996 offers all but ironclad assurance that the target will be reached. A tradable pause is equally likely at that price, since the pattern, although too obvious to depend on precisely, is good enough for government work. Don't pass up an opportunity to get long at 113,623 (stop 107,249) if BTC should swoon gratuitously.

The futures have behaved well, meaning predictably and profitably, within the pattern shown, so far producing a short precisely from p2, and on Thursday a 'mechanical' buy at the green line (x=6659.00). There are no guarantees bulls will achieve D=6803.34, since price action at the midpoint Hidden Pivot (p=6707.17) has been a knock-down, drag-out battle. But since every rally for the last 16 years has equaled or surpassed its target, there is no reason to think this one will go unachieved.  A final note: There are two textbook trades left in the pattern -- long to d; and, if you've made money on the ride up,  short at D. ______ UPDATE (Oct 3, 1:34 p.m.): The pullback from exactly 6800.00 seems too coy to last, but we should still respect the possibility of an important top there, since it fell just a split-hair shy of a compelling Hidden Pivot target that took four months to reach.  If, as is more likely, bulls get second wind and continue higher, 6874.25 would be the next logical stop on the way to, like, Mars.  If you got short as suggested above, an rABC pattern extrapolated from the hourly chart (a=6787.50) would have triggered at 6794.75 and taken you out of half with a quick profit at 6779.00.  The next, potentially buyable, Hidden Pivot support for this correction comes in at 6736.50.

The 53.05 target shown is the highest that can be projected for Silver on a long-term chart. It is unlikely to work precisely, since the chart is a blend of different contract months, and because the pattern itself will be too obvious to too many. Even so, the target is sufficiently compelling to suggest the Comex price will either top somewhere near there, or stall on the way to still greater heights. We can use 53.05 as a minimum objective in any event, since that stab through p2, the secondary pivot, left little doubt about the feistiness of silver bulls. ______ UPDATE (Oct 3): Assuming today's top at 48.325 endures for a day or two, try bottom-fishing with a tightly stopped bid at 47.175, a minor midpoint Hidden Pivot support.  An easy breach would portend more slippage to as low as 46.025. ________ UPDATE (Oct 6, 12:08 p.m. EDT): The pullback got no lower than 47.685 before silver took off again. The closest Hidden Pivot 'D target you can use for a minimum objective for the next couple of days is 49.835.

A 15% rally to the 111.59 target shown is likely. I've used a reverse pattern (rABC) taken from the monthly chart to project the extent of the move, which should unfold over the remaining months of 2025 and perhaps into early 2026. The point 'a low is an acceptable choice because this vehicle, a proxy for mining exploration companies, was introduced by Van Eck at the end of 2009. Notice that the first-time buyers encountered the midpoint Hidden Pivot (p=64.23) along the c-d leg, they stalled almost precisely there before correcting for a little more than two years. The eventual penetration of p, although hardly explosive, was decisive enough to make a follow-through to 'd' a good bet. ______ UPDATE (Oct 3): Use this pattern to trade GDXJ in the days ahead.  p=98.03 is a logical place to attempt bottom-fishing with very tight risk control, but any slippage beneath it would imply more weakness to p2=96.61, at least, or even D=95.20. ________ UPDATE (Oct 6, 12:25 p.m.): Buyers have pulled back slightly so far after stalling 13 cents above a minor Hidden Pivot resistance at 103.92 (60-min, a=95.60 on 9/18). Once they clear this obstacle, there is still room on the hourly chart for further progress this week to 104.25, and thence 106.84.  As always, an easy move through a Hidden Pivot target should be regarded as a sign the next is likely to be achieved.

Bulls didn't exactly impale the 3668.10 midpoint pivot, but they have surpassed it with such graceful ease that there should be little doubt that the 4128.10 target shown in the chart will be achieved. A punitive pullback to the green line (x=3428.00), however unlikely, would enable a superb bottom-fishing opportunity. Still another may develop at the red line after the futures have touched the secondary Hidden Pivot at 3898.10.  Above 4128 sits just one more target that can be extrapolated from the long-term chart:  5020.20.  The significance of this number will grow if we see a stall at 4071.80, the midpoint Hidden Pivot resistance to which it is related. ______ UPDATE (Oct 3):  December Gold ascended to within less than $1 of the 3898.10 target flagged above as the week began, but the correction to 3820 was over quickly and reversed with a probing rally that has yet to top 3923.  None of this has changed the very bullish outlook detailed above. Most immediately, expect a stab to 3967.90, a minor Hidden Pivot resistance that can be used as a minimum upside projection as the new week begins.  We'll also want to pay particular attention if and when 4071.80 is reached, for reasons noted above.