AG generated a green weekly close but in reality the week was uneventful. The stock did close very slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 16.91 than above last week's high at 18.24. If the former does happen, it will tilt the edge to the bears for a possible move down to the breakout level at 13.33. If the latter happens, the opposite will occur. The key issue right now is the 18.12 weekly close double top that if broken would give the bulls a decided advantage. Nonetheless, on a daily basis, there is one thing that needs to happen to begin to give a new edge to the bulls and that is to get into the gap area between 19.29 and 20.85. For the last 2 weeks, the bulls have attempted to do that but have been totally unable to do so. This coming week is pivotal from the point of view that Silver and Gold both have important pivotal weeks where something is likely to be defined, suggesting that something will also be defined with the stock. As such, I will likely be looking to get out and cancel the purchase if the stock gets below 16.91. I purchased the stock at 16.84 and therefore if 16.91 gets broken, I will get out. By the same token, if the stock closes next Friday above 18.12, I will look to add positions. Probabilities are evenly split this week.

AU generated a new 10-month weekly closing low and this coming after making the previous week a new 3-month weekly closing high. This is a negative sign that if confirmed this week is likely to thrust the stock down to at least the $18 level if not the $16 level where the 200-week MA is located and totally cut off any hope of a rally to last year's highs this year. Simply stated, the bulls are facing a strong and pivotal week ahead. To begin to negate this outlook, the bulls must generate a green daily close on Monday (this is a must). A green daily close will generate a double bottom as the previous low daily close made on November 2nd was at 20.77 and Friday's close was at 20.79, and those two would generate that double bottom. Then on Friday, the bulls would need to close above 21.41 to negate last Friday's break. Probabilities slightly favor the bulls given than nothing new of consequence happened last week that would negate the previous week's gains.

CNX generated a new 15-month intraweek high last week but the bulls were unable to confirm that break on the weekly closing chart. On the daily closing chart, a new multi-month daily close occurred but then on Friday that was negated. Then again, none of what happened was convincing enough in either way, given that the new intraweek high was only by 1 point and the failure signal on the daily closing chart was only by 10 points, none of which is a dependable signal. Nonetheless, it does make this week's action strongly indicative as the bulls cannot afford to give up anything now that they are at an important breakout level, given that a clear intraweek break above 14.19/14.20 as well as a new daily close above 14.03, followed by a convincing close next Friday above 13.83 would open the door for a rally up to at least the $16 level, while a failure here would suggest a drop back down to the $11 level. The stock closed in the middle of the week's trading range, meaning that there is no clear cut indication of what will happen this week. By the same token, the bulls have had the edge recently and there is nothing on the horizon this week that is likely to change that. As such, I would say the probabilities favor the bulls, though slightly.

FNV generated a strong spike down week where all supports of consequence were broken. The stock closed near the low of the week and further downside below last week's low at 110.58 is expected to be seen this week. Nonetheless, this has been a very strong and dependable company throughout its history and there have been no fundamental changes that have occurred to change that perspective, meaning this drop has to be viewed under a different microscope. As such, and using the well-known and highly established and proven in the past to work consistently Fibonacci number were looked at. The most important of the Fibonacci numbers is 61.8 % (often evened out to 62%) as that is the number that is normally used to measure out a big retracement after a major rally. The stock started trading in 2007 at $9 and saw an all-time high at $166 just 6 months ago. Nonetheless, the big run started last March when a big correction occurred in which the stock dropped from 122.65 to 77.18 (a 37.1% correction). From there, the stock went up to $166 over a period of 5 months. A 61.8% retracement of that rally puts the stock down to 111.15 and that level was seen on Friday, suggesting that no further downside is likely to occur, if and when this is a Fibonacci retracement and not a change of fundamental (unlikely). Evidently, the $110 demilitarized zone is a form of psychologically support under this scenario, meaning that if the stock drops below 109.70 this week, this Fibonacci retracement will no longer be valid. As such, a stop loss at 109.65 should be used at this time. It is evident that now that the Fibonacci retracement level has been reached, that the bulls "must" generate a rally from here "this" week. Given the spike down nature of the drop, the intraday charts must be used. The last intraday rally high on Friday was at 113.56, so that is the first level that needs to be broken. The 200 10-minute MA is currently at 116.61 (but dropping fast), meaning a break of that line would also be a signal the move down may be over. Given that support levels were broken and no nearby support levels exist and that all of this is dependent on a Fibonacci formula, it is difficult to have confidence that this break will be negated. Nonetheless, it is what it is and this is what is available.

FPRX made a new 38-month weekly closing high and closed on the high of the week, suggesting further upside above last week's high at 23.87 will be seen this week. There is still some recent intraweek resistance as the November 1-week intraweek rally high was 24.70 and that still is considered resistance. Nonetheless and since that rally high had no previous history of being resistance, it will likely be broken this week. One has to go back to 2015 to find resistance of consequence above. On that occasion, intraweek resistance is found starting at 27.62 and up to 28.47, which is now the objective of this trade. There is one level that is absolutely pivotal on a weekly closing basis and that is 27.71-27.83. There is a previous important weekly closing high at that level that held the stock down for 10 months and then when broken to the upside, held the stock up for 3 months before being broken. As such and until there is new fundamental news out, that level is the objective of this trade and a level to take profits at. To the downside, any confirmed daily close below the most recent high daily close at 22.43 would be of concern. Probabilities favor the bulls.

NEM made a new 8-month weekly closing low on Friday and closed near the low of the week, suggesting further downside below last week's low at 56.01 will be seen this week. The break of the weekly close support at 58.48 weakens the chart for the short term and means that some catalyst is needed to re-start the uptrend. The break of this support was not as indicative or pivotal as the breaks of support of AU and FNV as there is further and decent weekly close support at 54.76 but it does mean that the entire Gold industry is seeing weakness that was not being seen before. By the same token, this stock has been the strongest of the held Gold Stocks and that means that it is the one to follow for indications of what is to happen. On an intraweek basis, there is very minor support at 55.75. a bit stronger (but not much) at 54.99 and then minor to decent at 53.13 and decent as well as pivotal at 52.33. With no support of consequence nearby, the stock should continue lower this week but if it doesn't, it will be indicative. A break above Thursday's high at 58.11 will likely negate the sell pressure seen last week. Probabilities favor the bears but then again and across the board, this is a pivotal week for all Gold Stocks.

PFE generated an inside week but a close on the low of the week, suggesting further downside below last week's low at 34.40 is expected to be seen. The stock continues to languish and show a slight bearish pattern and that should not be happening due to the fact that its vaccine continues to be used all over the world and successfully. Nonetheless, rallies have not been able to be generated by the bulls after the earnings report came out 4 weeks ago. There is a level of daily close support at 33.76 that has held up repeatedly (4 different times in the last 10 months) that is a target but should hold up. Below that level and at 33.44 (based on a daily close) that if broken would be a bear statement. The same can be said about the upside resistance on a daily closing basis that is found at 34.97 and that has also held the stock down on 4 previous occasions during the last 10 months. Whichever gets broken first will gain a decided edge. For now though, and like what has been seen the past 4 weeks, the probabilities favor the stock continuing to trade in this range (33.76-34.97 on a daily closing basis) until some catalyst occurs. Probabilities slightly favor the bears this week but the key word is "slightly".

QQQ generated a negative reversal week, having made a new all-time intraweek high but then going below last week's low and closing red and near the low of the week, suggesting further downside below last week's low at 328.36 will be seen this week. On the intraweek chart, there is no support below until 312.76 is reached. There is an open gap down at 323.54 that is likely to be a magnet this week if there is no positive fundamental catalyst occurring. By the same token and on the daily closing chart, the previous all-time daily closing high is at 328.59 and that is what the traders will be keying on this week, Probabilities are high that level will be seen this week but based on the action seen the past few months, a failure signal is not likely to be given, at least not a confirmed one. On the other side of the coin, if a failure signal is given, it will be indicative and would likely trust the stock down near or to the 312.76 support level. To the upside and after a negative reversal, any new intraweek high above 338.19 would give the bull's new ammunition again to keep the stock heading higher. Probabilities favor the bears.

SRUTF generated a negative reversal week, having made a new 18-week intraweek high and then closing red and in the lower half of the week's trading range, suggesting further downside below last week's low at .0475 will be seen this week. Nonetheless, the stock has now affirmed itself above the 200-day MA, currently at .045, as it has stayed above the line for the past 10 days. With the stock likely to go below last week's low this week, a test of that line is likely to be seen. It is important to note that the mini break of daily and weekly close resistance was at .0455, meaning that a test of that level is likely but also healthy because if the retest is successful and the stock then turns around and begins to move higher, the chart to the downside will be totally fulfilled and the traders will begin working on a big breakout to come, with the .0585 being the weekly close resistance that when broken, would likely begin to generate a big short-covering rally and a move up to at least the .0657 level. Further intraweek resistance would be found at .0723, at .08 and at .09. Nonetheless, on a weekly closing basis, any close above .0585 would give an objective of at least .175 or up to as much as .1998. Probabilities slightly favor the bears this week but ultimately favor the bulls. Purchases could (and should) be made around to .046 level.

W generated a red weekly close on Friday but it was not indicative as the stock rallied 8.5% from the low of the week and closed near the high of the week, suggesting further upside above this past week's high at 298.00 will be seen this week. The company reports earnings on Thursday morning and they are expected to be better than last year (+$.83 vs last year at -$2.80). A year ago, the stock was trading around the $60 level when the report came out and now it is 5 times higher and yet the report is expected to come out 3.3 times better than last year, which would suggest it is a bit overbought. Nonetheless, the report will be a catalyst for movement. Short-term pivotal intraweek resistance is found at 304.50 and midterm term pivotal resistance is found at 314.85. Short term pivotal support is found at last week's low at 268.07. There is no way to rate the probabilities this week as the earnings report will be pivotal.