Current USERX price = 9.03, Up 27 cents (3.1%) since the last report one months ago.
Introduction (repeated from prior Reports):
I have been using my unique SKI indices to predict price changes in the precious metals' market for more than two decades. And my indices continue to mark the critical points. I have initiated a subscription website since 1/13/06 (yes, Friday the 13th) after having posted free updates for years at www.321gold.com. SKI is a timing service; although almost everyone seems to believe that market timing is impossible, that IS what the SKI indices have done for 36 years.
The SKI indices contain short-term (16-20 trading days), intermediate-term (35-39 trading days), and long-term (92-96 trading days) indices. A more comprehensive description of these mathematical indices and their history is found here. Basically, the indices compare today's price to prices from a specified prior time period. The name of the index specifies the time period (e.g., 92-96 index = compare today's price to prices from 96, 95, 94, 93, and 92 trading days earlier). Although I use the oldest gold mutual fund, USERX, for analyses, the predictions are applicable to the broad precious metals' market. I do not recommend or analyze specific stocks, but my subscribers from around the world regularly discuss individual issues on our Forum. In addition to the truly unique SKI indices, I also use "run patterns" to guesstimate turning points in the precious metals' market. A "run" refers to a pattern of daily up and down market closing prices. If the market has 3 consecutive days of higher closing prices, the run is "3 up". If prices then decline for 2 consecutive days, the run becomes "3 up and 2 down". If prices then close higher the next day, the run changes to "2 down and 1 up". Some people have referred to run patterns as "worms". A run pattern is only completed after the direction of closing prices has changed. I have compiled a listing of every run pattern that has ever occurred and generated probabilities that the end of the run marks a high or a low, moderated by the indices themselves.
In the last public update, I expressed continued long-term bullishness. I disclosed long-term “meaningful” information. It was and is a rare special moment for me (always available at the www.321gold.com website - see my archives “–-lots more here”; currently only activated over about 1 year of time). I myself don’t rely on that long-term news to make my investment decisions. I rely on the SKI indices for 39 years. I list all Updates and notices since the website existed in 1/13/2005 (chosen I think for Friday the 13th! So I remember countless daily experiences, 1974 - present.).
The important news is that SKI has gone to a double Buy. The 16-20 index (ON the Path of Trades) generated a buy signal on 11/10/23. That gives SKI “next-day” notice of execution buy day. SKI bought on 11/13/23 was execution day at 8.32. SKI’s last final buy–day low was well-done, buying an almost major gold stock low of 8.09 or 8.22 across 2-years. As long as you have a subscription, you can view all of this information since 2005 on ski’s website. That buy was expected to yield a second Double buy signal into 11/21/23 at 8.96 and THEN a NEW 16-20 index sell signal. That sell signal represented first resistance, but the ordering of the indices can do away with that 16-20 index resistance. That buy into second resistance was overcome last Friday (11/24/23) for a new 2-month high.
I have some further resistance at the 92-96 index and some above that measure. I have support at the XX-XX index and the sell-stop set (that changes daily with the index).
The “EMERGENCY” is the statistical odds that I’ll be dead in 5 years from my cancer. I rely on statistics.
I have been a founding member of 321gold, but my posting career began on the first day of the year 2000 (1/02/2000)! Hence Bob Moriarty and his deceased wife Barb found my analysis “useful”. The hard work of providing free daily emails (etc.) to folks for free became subscriber-based, but still provided for free (every 3-weeks) when I founded skigoldstocks.com in 2005. I love my website work and my having founded two clinical psychology (Ph.D) programs at TAMU and UNLV.
This is close to being the last chance to learn and that was a Double Buy. There are no certainties and I have sell-stops.
Love to all at Thanksgiving, Jeffrey M. Kern Ph.D.. P.S. I have zero pain, but apparently have cancer from my BRCA gene.
If you are interested in following and learning more about the SKI indices, I'll write another Report in three weeks or you can shell out the big bucks for a SKI subscription. Weekly Updates are available by subscribing for a month (or longer if you're wise and cheap enough to want to save money) at my website www.skigoldstocks.com for the princely sum of $30 (for a one month subscription) or more ($240 for an annual subscription). I also provide more frequent intra-week daily messages/alerts at a slightly higher price along with access to our informative Forum.