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All posts by Jeff Cooper

Secrets of Successful Speculation: Riding the FMSA Rocket

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“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” -Bruce Lee “Men who can be right and sit tight are uncommon.” -Jesse Livermore One of the hardest things for a trader is selectivity. There are lots of setups to choose from […]

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The Gold Train Is Leaving the Station. Are You on Board?

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“Success breeds complacency. Complacency breeds failure. Only the paranoid survive.”  -Andy Grove “Complacency is a state of mind that exists only in retrospective: it has to be shattered before being ascertained.”  -Vladimir Nabokov. “The word cosmic is in danger of losing its s.”  -Vladimir Nabokov The phase ‘suspension of disbelief’ is a literary term of […]

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Is Gold on the Verge of Glory?

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Editor’s Note: Click here to get Jeff’s 181-page trading case study It’s remarkable how many articles I saw late Monday that said North Korea’s firing of a missile over Japan was the culprit for gold’s explosion over the key 1300 level. If you were at your turret, you know that gold and the miners were […]

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SPX 2400: Do or Die

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Sometimes you have to put your finger over noise on a chart to get the real story. Just for fun, let’s assume the SPX didn’t leave a failed breakout attempt on August 8 on a false spike above the July 27 high. Doing so puts into focus a bearish pattern of 3 lower highs. Fast declines often […]

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Jeff Cooper: Is Gold About to Shine?

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“There are about three hundred economists in the world who are against gold, and they think that gold is a barbarous relic — and they may be right. Unfortunately, there are three billion inhabitants of the world who believe in gold. ”  -Janos Fekete “The record of fiat currencies through history, 100%, is eventual failure. […]

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Jeff Cooper: This Time It’s Different

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While some were saying that Tuesday’s reversal was just another one day reversal like June 9 and July 27, Daily Market Report readers knew differently. We knew that the Jackknife from the false move above the key 2482 level was the straw that broke the camel’s back. While midday Thursday, some were saying to buy at […]

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Jeff Cooper: Mr. Hindenburg’s Wild Ride

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43 years ago on July 27, 1974, the House Judiciary Committee voted on the first article of impeachment of President Nixon. Late in yesterday’s session, we learned that Robert Mueller has impaneled a Grand Jury. We are the only country other than Liberia to use this non-democratic process in government. Maybe something, maybe nothing, but […]

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A Jaws of Death Divergence in the Dow

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“In the choice between changing ones mind and proving there’s no need to do so, most people get busy on the proof.” -John Kenneth Galbraith Over the last few months, we have flagged several big picture cycles that suggest an array of challenges will surface in the second half of 2017. Presumptively, this means the […]

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The First Mouse Gets the Squeeze, the Second Mouse Gets the Cheese

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“Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.” John Kenneth Galbraith I listen to the financial news all day while I trade. Not for information, but to glean […]

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Where Gold Is Headed From Here…

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An intraday GDXJ shows 3 drives to a test of its 50 period on the hourlies. This ties to a backtest of yesterday’s breakout. After today’s inside day/test, it will be important to see how the miners behave on the important Friday weekly closing basis. It’s interesting that TBT looks poised to breakout in tandem with gold and the […]

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