PaulDeep19131

PaulDeep19131

Just a short idea for today folks. It appears VIX is in a corrective wave 4 down to the low 50s (which we hit today) and it appears it will make its final wave 5 over a period of time. How fast or slow this happens remains to be seen, however, from the voraciousness of buying and selling in the market, it should happen sooner than later. VIX likely bottomed...

PaulDeep19131 Updated 

With the US government failing to pass a key procedural vote this afternoon (Sunday),this will likely provide further liquidation in Gold, however, it is likely the liquidation will be somewhat muted as we can assume at some point this week - sooner than later - a stimulus package will come. What this will do is somewhat put a temporary halt to stock selling and...

PaulDeep19131 Updated 

Just like I forecasted, the VIX took a break and closed the 57.5-ish gap and I am looking for the VIX to butcher its way to new ATHs. Not necessarily in a straight line, but the next leg down in equities is likely next week as cases in the US start to ramp up and ravage the domestic economy. The entire world is in shutdown. I was one of the first people to...

PaulDeep19131 Updated 

A lot of people confuse shooting stars and dead cat bounces with 'real' runs - both in stocks and metals. Right now, we are seeing and have been seeing shooting stars in Gold for a little while and we have received another one. Silver has recently formed a shooting star as well. What this means is we can expect a likely breakdown once again in Gold to sub-1450...

PaulDeep19131 Updated 

There's no bones about it - the global markets are still looking ugly, and while people have been trying to "bottom fish" and "dip buy" about 15% ago in the markets, the reality is, the global economy is essentially in shambles and that's not sensationalism. The US jobless claims are expected to show 1.5-2 Million next week in the report, and Canada has already...

PaulDeep19131 Updated 

Remember last Friday when I was the first person to predict the historic 13% crash coming that Monday? Well, we hit exactly 13%. Interestingly enough, I saw very similar underlying issues as last Friday compared to today and there is the potential for another sell-off on Monday. I don't foresee a 13% decline, however, in the level we are currently in which is the...

PaulDeep19131

On February 8th I hinted that the market may be low-key hinting of a large sell-off. Unknowingly, no one was aware to the magnitude of the selling. With the virus clearly acting as a massive Black Swan, the markets (as I have been saying repetitiously) over the last while, are in deep trouble and the selling is FAR from over. Many stocks have, especially in tech,...

PaulDeep19131

Its no surprise the market is collapsing - globally - around the world in-front of our owns eyes. This has been an enormous bubble created by central banks over the past 10-12 years from incredibly negligent and irresponsible monetary policy pushed ahead by massive amounts of free money allowing companies to buyback stock to inflate their stock prices. It has...

PaulDeep19131 Updated 

My worst fears have come and it pains me to say this because there will be a lot of pain, hardship and job losses but the greatest depression is starting before our eyes. The details are obvious: the entire world is in lock-down, borders are closed, people are losing their jobs, most people live week to week, and crude will plummet to 10.00 or record lows. This...

PaulDeep19131

Gold has formed a shooting star to roughly the 1550 level and will likely breakdown another leg into the mid to upper 1300s. Not necessarily all in one day, but that will remain as the overall trend. As I stated a little while ago, Gold will breakdown below 1400 to the 1350-1390 range and not until Gold goes below 1400 can we 'think' about true long...

PaulDeep19131 Updated 

Silver (and Gold) are on the verge of the next run upwards and they are shouting in a hidden manner: buy me! Around Christmas I told everyone that JNUG would reach 130 or higher sometime in March, while USLV will reach 174 or higher in March. While its impossible to pinpoint exactly when in March, the overall idea remains. 2020 will have a year better than 2019...

PaulDeep19131 Updated 

We have seen immense volatility as of late and in the near-term I believe the VIX will take a little bit of a break. Its beginning to look overbought, 'toppy' and like a flat top. The VIX is approaching a double-top met back in the 08/09 financial crisis and its highly unlikely it breaks this high without retracing down for a little before gathering the momentum...

PaulDeep19131

A lot of people have been asking me everyday why Gold and Silver, especially Gold has failed to rally despite the world cutting rates and banks printing money. The answer is that this has to do with margin call covering. The unfortunate reality is Gold and Silver sell-off during equity bear markets as algo bots look to sell any pump to cover losses in...

PaulDeep19131 Updated 

A lot of investors probably cheered a day like today but in reality, the underlying issues with this market are growing more concerning each and every day. While many likely think this is the bottom and its smooth sailing from here, the reality is, this bounce today likely sets up for a massive blood bath at some point next week in what could be the worst...

PaulDeep19131 Updated 

The bond bubble has been a bubble that has been long withstanding since the dawn of the stock market and it may finally be on the verge of collapse. After all, the stock market bubble is collapsing and Bitcoin will collapse to under 1000.00 so why not pop all the bubbles at once? While normally people equate yields rising (bonds falling) as a 'good thing', the...

PaulDeep19131

Somewhat of an oxymoron, the VVIX measures the volatility of the VIX and the VIX is the fear gauge of volatility on the SPX. When the VIX goes down, usually bulls cheer this as some sort of bottom, however, that is an amateur move. In reality, the VVIX continues to show very little to no signs of letting up other than simple retracements for more accumulation and...

PaulDeep19131

We saw a hilarious 7%+ rally in the last 25 minutes in the US indices and Canadian markets but that's all it will end up being - hilarious. This was nothing more than a mega algo pump for cheap short accumulation and this will come home to roost in a likely Monday and Tuesday historic bloodbath. I mean lets be honest, do you really think a Canadian bank could...

PaulDeep19131

As much as I want to stay long in Gold, the reality is there is no chance Gold will surge to new highs from these levels. Unfortunately, this black swan event in the virus will slip the global economy into recession. I will refrain from talking about my reasons for why Gold and Silver will plummet and I invite you to read my other ideas for why. Having said that,...