Hayekian_Fibonacci

Hayekian_Fibonacci Updated 

GDX is still 12% below its 2016 highs, despite Gold having already surpassed its 2016 peak of 1375 by roughly 5%. On top of this, the GDX having more exposure to unhedged miners should result in GDX out-performing the HUI hedged senior miners in a bull market. This is not the case, as the GDX is actually under-performing the HUI. Highest probability assessment...

Hayekian_Fibonacci Updated 

I’m buying the lows during this consolidation. Between 800-790

Hayekian_Fibonacci

Short Oil @ 57.8 and ride until $55. OILD entry: pullback to 19 or breakout @ 22.5

Hayekian_Fibonacci

Platinum is at support. If 760 gets broken then platinum is done for. Return to 1000 looks more likely.

Hayekian_Fibonacci Updated 

OILU looks ready to pop. Stop Loss - 17.6 Buy- 17.80-18.3 Breakout - 19.10

Hayekian_Fibonacci

Gold is oversold on the RSI. Had a doji reversal last Friday. And HUI miners keep signaling lower gold. Anticipating a move back to 1300. JDST is near previous all time lows @ 29 from February If the Fed doesn’t deliver a rate cut Wednesday, expect gold to sell off

Hayekian_Fibonacci

Looks like a stage 1 base is forming in platinum. Looking for a big move to the upside. Will be trading PPLT

16:56

Hayekian_Fibonacci

An overview of a short trade I engaged in using OILD back in April and May, capturing a portion of OILD's 110% increase alongside USOIL's 25% decrease. In addition I talk about the long-term perspective of US Crude Oil.

Hayekian_Fibonacci Updated 

Entry: ~52.80 Exit: ~56.90 Aggressive Exit: ~59 Stop: ~51.93 If the bottom purple trend line gets broken at about 51.93, sell that and look to enter a short position. Chart will be updated as new information comes in.

Hayekian_Fibonacci Updated 

Entry: 17.50 pullback & 19.15 breakout Stop Loss: 16.90 Exit: ~21.85. ~24.60 if you think USOIL will hit $59

Hayekian_Fibonacci

This is a basic chart for educational purposes. The arrows drawn are not predictions, merely possibilities. There are two scenarios I see potentially playing out: 1. Deflationary crash. I don't think this is the most likely scenario. The Federal Reserve would have to continue with monetary tightening by allowing interest rates to rise and they'd have to be very...

Hayekian_Fibonacci

Fed Chairman Powell sent the market higher. If June 19th comes and there is no rate cut, I expect a big selloff Short from 2900

Hayekian_Fibonacci

Wish I had published this sooner, as I absolutely nailed today’s massive price action. I’m entering a partial position to hedge against the possibility that we don’t revisit the 790’s and low 800’s. If we do though I will buy a lot more. Without a pullback its a 6% profit, with the pullback its 9%. Decent little trade.

Hayekian_Fibonacci

Clear sell-off in process. Looking for previous support levels to be reached. In the next two weeks I see a pullback for SPXS right after SPX finds a brief bottom and consolidates for a short bit my target buy for SPXS is the 21’s and my Target sell is $25. $29 SPXS coincides with ~2550 SPX. This is possible by Mid-July. (4 1/2 weeks).

Hayekian_Fibonacci Updated 

The selling won’t be finished until we reach $50-$47 USOIL. A selloff to $51 USOIL coincides with about $32 OILD If we go below that, towards 50, towards 47, we could see $35+ OILD. For those of you who happen to see this, I’m legitimately curious, how many of you saw this selloff in USOIL coming at $66?? What I’m doing: Buy: anything below $28 really. 26 is...

Hayekian_Fibonacci

Trump wants to win re-election. Trump can’t win if the US economy enters recession. The only way Trump can possibly avoid recession is if the Fed cuts interests rates now. If the Fed waits til the market has tanked in order to cut rates, it will be too late to avoid recession via monetary stimulus that point. Trump needs rate cuts now! In order to get this he is...

Hayekian_Fibonacci

A lot more selling to come. Target of $48 USOIL. Consevative target of $50. It looks like this price target could come very fast. So far USOIL & OILD has moved much faster than I anticipated, which is good. What I thought would take 2 weeks only took 2 days (40% move on OILD). This is why its important to do most of your charting & creating your action-plan on...

Hayekian_Fibonacci Updated 

Over the next few days I'm expecting Gold to hit & bounce off 1280. After that, anticipating Gold to continue declining (likely with some pauses & upward corrections) towards 1220.